🪙 SEC delays decision on Grayscale's proposal for spot Ethereum ETF again
The Securities and Exchange Commission has again delayed its decision timeline on a proposal from Grayscale Investments for a spot Ethereum ETF, with a Thursday order to institute proceedings and solicit fresh public comment. The SEC specifically asked whether Ethereum's proof of stake mechanism and "concentration of control or influence by a few individuals or entities" could bring up unique concerns to make the fund susceptible to fraud and manipulation.
