In a recent filing, the SEC indicates that it needs additional time to decide on crypto asset manager Grayscale's application for its Ethereum Futures Trust ETF, extending the deadline until the end of May.
The United States securities regulator has postponed its decision on approving Grayscale's Ethereum Futures Trust ETF product until the end of May.
The United States Securities and Exchange Commission has extended the deadline yet again to decide on the approval of digital asset management firm Grayscale’s Ethereum (on March 22, the SEC stated that it will postpone the March 31 deadline to May 30 to make a decision on the approval of Grayscale's Ethereum Futures Trust ETF.
“The Commission finds that it is appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein.”proposed listing and trading sharesHe explained that if the SEC approved Grayscale’s application, it would allow Grayscale to argue for the approval of its spot Ether ETF application.
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