News Alert!!!
The SEC has delayed approval of Franklin Templeton & Grayscale's proposed Ethereum Spot ETF.
The scenario was predicted beforehand
As noted by BeInCrypto, the US Securities and Exchange Commission has delayed approval of Franklin Templeton's Ethereum Spot ETF and postponed it to June 11, 2024. Likewise, the agency also postponed a similar proposal for the Grayscale Ethereum Trust on Tuesday, with the next response deadline being 23 June 2024.
After this time, the SEC can approve or deny or initiate proceedings.
