The #SEC has extended the decision deadline for the VanEck spot Ether #ETF to May 23, 2024.
This allows the SEC more time to consider the proposed rule change and calls for public comment on the risks and benefits associated with Ether ETFs.
Analysts suggest the delay may lead to eventual denial of Ether ETF applications.
Amid investigations into firms linked to the #Ethereum Foundation, the SEC's hesitation also invites speculation on the classification of Ether as a security.
