The United States Securities and Exchange Commission (SEC) has delayed reaching a decision on whether to approve or disapprove of spot Ether ETH exchange-traded fund applications from ARK 21Shares and VanEck. The commission said it had received no public comments on either proposal and would push the deadlines for another delay or decision to Dec. 25 and Dec. 26, respectively.The delay came the same day the Nasdaq Stock Market filed a proposed rule change with the SEC for listing its mixed ETH ETF — a combination of spot Ether holdings and futures contracts. Proposed rule changes with the New York Stock Exchange Arca for the Grayscale Ethereum Futures Trust and Hashdex Bitcoin Futures ETF, and the Cboe BZX Exchange for the Franklin Bitcoin ETF were also filed on Sept. 27.The SEC announced on Sept. 26 it would designate a longer period to reach a decision on spot Bitcoin BTC ETF applications from ARK 21Shares and GlobalX. The commission filed the notice weeks ahead of the next deadlines for both investment vehicles, pushing a final decision on ARK 21Shares’ ETF to January.To date, the SEC has never approved a spot crypto ETF in the U.S. but has allowed the listing of crypto-linked futures ETFs as well as a leveraged Bitcoin futures ETF. The next deadlines for spot crypto ETF applications from firms including BlackRock, WisdomTree, Invesco Galaxy, Valkyrie, Bitwise and Fidelity are scheduled for October.
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Information |
Details |
Geography |
North America |
Countries |
🇺🇸 |
Sentiment |
neutral |
Relevance Score |
9 |
People |
SEC, Cathie Wood |
Companies |
Cboe BZX Exchange, Nasdaq Stock Market, ARK Investment Management, Grayscale Investments, SEC |
Currencies |
Ethereum, US Dollar, Bitcoin |
Securities |
None |