SEC delays Ethereum spot ETF listing decision to June
The U.S. Securities and Exchange Commission (SEC) yesterday issued an update on the Bitcoin spot ETF case filed by BlackRock and Grayscale, stating that institutions need more time to review the Bitcoin spot ETF listing case and postponed the original resolution date of April 26 by 60 days to June. 23rd. This delay is in line with market expectations and has not had any impact on the price of Bitcoin, which is currently quoted at $3,200.
In addition, Grayscale also updated its application yesterday, adding Grayscale Ethereum Mini
Trust (Trading code: ETH), this is an entry-level ETF product with low management fees. In view of the painful lesson of fund outflow from GBTC to ETF, Grayscale plans to prepare a response plan before ETHE converts to ETF to resolve some investors’ concerns about the excessive fees of flagship funds and reduce the risk of fund outflow.
At present, Bitcoin has completed its halving, and the market is looking for the next hot topic. Bitcoin spot ETFs are being quietly hyped by the community. However, analysts are also concerned about the security characteristics caused by Ethereum POS. The market views are mixed and a consensus has not yet been formed. During this period, market volatility is likely to follow U.S. technology stocks, and independent moves are unlikely.
