The post SEC delayed Hashdex and Grayscale Ethereum futures ETF! appeared first on Coinpedia Fintech News
The U.S. Securities and Exchange Commission (SEC) has postponed its decision on converting Brazilian asset manager Hashdex’s existing Bitcoin futures exchange-traded fund (ETF) into a spot ETF. The SEC has also delayed its decision on Grayscale’s Ethereum futures ETF until 2024. The SEC cited the need for further review and consideration of the proposals as the reason for the delay. This decision comes after the SEC previously rejected several spot Bitcoin ETF applications, citing concerns over market manipulation and investor protection. The delay may indicate continued regulatory uncertainty surrounding cryptocurrency ETFs in the U.S.