The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
This summary text is fully AI-generated and may therefore contain errors or be incomplete.
This summary text is fully AI-generated and may therefore contain errors or be incomplete.
The United States Securities and Exchange Commission (SEC) has postponed its decision on whether to approve or disapprove a spot Ethereum exchange-traded fund (ETF) offered by Grayscale, an asset manager. The SEC stated that it needs more time to consider the proposed rule change and the issues raised. As a result, the commission has designated January 25, 2024, as the deadline for making a decision or initiating proceedings to determine whether to disapprove the ETF. This announcement follows a court order for the SEC to review Grayscale’s Bitcoin ETF offering. Further updates will be provided as they become available.