SEC Delays Decision on Hashdex and Grayscale ETF Applications
The U.S. Securities and Exchange Commission (SEC) has postponed its decision on Hashdex’s spot Bitcoin ETF application as well as Grayscale’s application to launch a futures ETF on Ethereum (ETH). Hashdex aims to convert its futures exchange-traded fund into a spot Bitcoin ETF, a first of its kind in the U.S. Investors are hopeful that this move will attract institutional investors to the market, making these applications a hot topic in the crypto community. Another pending decision is Franklin Templeton’s spot Bitcoin ETF application, which is set to expire on Nov. 17.
BlackRock and Nasdaq Submit Ethereum ETF Application
In addition to the SEC delays, Nasdaq has received an application for an Ethereum ETF proposed by BlackRock. The company plans to list its own Ethereum ETF on Nasdaq if approved. The filing also outlines Coinbase Custody Trust Company as the primary custodian for all Ethereum coins once the ETH fund is approved.
Hot Take: SEC Delays Send Ripples Through Crypto Community
The recent SEC delays on several ETF applications have created anticipation and speculation within the crypto community. While investors eagerly await decisions on these groundbreaking proposals, the market remains optimistic about the potential impact of these new investment tools. As regulatory agencies continue to navigate the evolving landscape of digital assets, these delays serve as a reminder of the complexities involved in bringing cryptocurrency investment opportunities to mainstream markets.
By
By
By
By
By
By