SEC postpones date for reviewing applications for spot Ethereum-ETF from Grayscale and Franklin Templeton
On April 23, 2024, the U.S. Securities and Exchange Commission (SEC) postponed the deadline for its decision on the Franklin Templeton and Grayscale spot Ethereum-ETF. The final decision on these products was set for June 11 and 23, 2024, respectively.
"The Commission believes it is appropriate to set a longer period for taking action on the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised in it," the SEC said in a statement.
As a reminder, on March 20, 2024, the SEC postponed the deadline for making a decision on VanEck's spot Ethereum-ETF to May 23, 2024.
Earlier, Jan van Eck, CEO of the investment company VanEck, called it unlikely that spot Ethereum ETFs would be approved in May 2024. He stated that the US Securities and Exchange Commission does not respond to applications from potential issuers.
At the time of writing, Ethereum is trading above $3100.
