SEC Delays Decision on Grayscale’s Ethereum Spot ETF!

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The U.S. Securities and Exchange Commission (SEC) has pushed back its decision on Grayscale’s proposal to convert its Ethereum Trust into an Ethereum spot exchange-traded fund (ETF). The regulatory body has extended the review period by 45 days, with a new deadline set for January 25, 2024. Grayscale’s Ethereum Trust currently holds over $1 billion worth of ETH, and the company has been seeking approval for a spot ETF since 2017. The decision comes as the SEC continues to weigh the potential risks and benefits of cryptocurrency ETFs, with some industry experts speculating that the regulator may ultimately approve the proposal.