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SEC Postpones Decision on HashDex Bitcoin Spot ETF and Grayscale Ether Futures Application
16/11/2023
The U.S. Securities and Exchange Commission (SEC) has postponed its decision on Hashdex's application to transform its existing bitcoin futures ETF into a spot ETF. Additionally, the SEC has delayed its decision on Grayscale's bid to launch a new ether futures ETF. Both applications were originally scheduled for a decision by Nov. 17, but the SEC has extended the review period. The delays coincide with heightened expectations for the SEC's approval of a spot bitcoin ETF, with numerous companies seeking to launch such products. The SEC has not yet revealed its stance on the recent wave of ETF applications, and concerns raised in previous rejections, such as market manipulation susceptibility and surveillance-sharing agreements, still loom. Despite the delays, bitcoin's price has risen over 5% to $37,500.
