๐ SEC Postpones Ethereum $ETH ETF Decision: Market Impact
๐ SEC delays decision on Grayscale Ethereum Futures Trust's Ethereum ETF application to May 30
๐ Securities Exchange Act of 1934 gives SEC 180 days to decide on proposed rule changes
๐ SEC postponed decision to adequately consider the proposed rule change
๐ผ Bitcoin and Ethereum ETFs track digital asset prices on traditional exchanges
๐ฎ Futures ETF focuses on future price, while spot ETF tracks current price
๐ SEC delayed spot Ethereum ETF decisions in January and February
๐ฌ Some view SEC's delay as positive, allowing more time for Bitcoin ETF adoption
๐ฐ Bitwise CIO suggests spot Ethereum ETFs would benefit from launching later
๐ผ SEC's postponement adds negative pressure on Ethereum price, down 10.4% for the week #Ethereumโ #ETFsโ #MK_Crypto #SEC่ฏ่ฎผ