The race for the approval of a Spot Ethereum ETF in the United States has taken another turn, with the Securities and Exchange Commission (SEC) delaying its decision on applications from leading asset managers Grayscale Investments and Franklin Templeton.
TLDR
- Grayscale filed Form S-3 with the SEC for its Spot Ethereum ETF application, aiming to convert its Ethereum Trust (ETHE) into a Spot Ethereum ETF.
- Grayscale also filed an S-1 filing for a mini Ethereum ETF, following a similar move for a mini Bitcoin ETF.
- The SEC delayed its decision on Grayscale’s and Franklin Templeton’s Spot Ethereum ETF applications until June 23 and June 11, respectively.
- The SEC cited the need for more time to consider the proposed rule changes and the issues raised therein.
- Analysts express pessimism about the SEC’s approval of Spot Ethereum ETFs, with concerns over Ethereum’s staking feature and the SEC Chair’s stance on crypto…
