SEC postpones consideration of VanEck's Ethereum spot ETF application
•SEC delayed consideration of VanEck's Ethereum spot ETF application.
•The final decision deadline is May 23, 2024.
•On March 20, 2024, the U.S. Securities and Exchange Commission (SEC) moved the VanEck Ethereum Spot ETF decision deadline to May 23, 2024. This date is the last when the regulator will be able to make a final decision on product approval.
•"""The Commission believes it is appropriate to set a longer period for issuing an order approving or disapproving a proposed rule change to allow it sufficient time to review the proposed rule change as Amendment No. 1 and the issues involved," the SEC said in a statement."
The Block reported that the “delays” occurred after media outlets claimed the Swiss non-profit Ethereum Foundation was being audited by an unknown government agency.
Let us remind you that on March 19, 2024, the US Securities and Exchange Commission postponed its decision on the spot Ethereum-ETF from Ark 21Shares and Hashdex.
my opinion is that this was done for the benefit of the United States, but the launch of Ethereum-ETF will definitely raise ETH to the skies. Funds will be able to buy from you; think about what will happen to the valuables. Subscribe, like, repost, write comments, this is important to me.
