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Grayscale’s Ethereum ETF Dreams Deferred As SEC Extends Review

Published by
Benzinga

The U.S. Securities and Exchange Commission (SEC) on Tuesday announced a delay in its decision regarding the listing and trading of shares of the Grayscale Ethereum (CRYPTO: ETH) Trust. The decision, initially due in December 2023, has been postponed to Jan. 25, 2024, as the SEC required more time to review the proposal and address concerns. On Oct. 10, 2023, NYSE Arca, Inc. submitted a proposal to the SEC for a rule change that would allow the listing and trading of shares of the Grayscale Ethereum Trust under NYSE Arca Rule 8.201-E, which pertained to Commodity-Based Trust Shares. This propo…

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