SEC delays decision on Hashdex ETH ETF rule change
The US Securities and Exchange Commission has delayed a decision on Hashdexs proposed ethereum ETF rule change. The move, confirmed by a filing dated Nov. 15, comes just days after the regulator similarly delayed Hashdexs bitcoin ETF proposal. If the SEC were to approve the rule change, the ETF would hold future and spot ether contracts. According to the SECs filing, the Commission now has until Jan. 1, 2024 to make a decision or “institute proceedings to determine whether to disapprove the proposed rule change.” The delay is one of the handful expected this week, including SEC decisions on the Franklin Templeton proposed spot bitcoin ETF. The SEC also postponed a decision on Grayscale proposed ethereum ETF rule change on Nov. 15. The Grayscale delay, as noted by Bloomberg analyst James Seyffart, was not “remotely surprising.” This isnt the first round of SEC delays on recent bitcoin or ether spot ETF applications, either. Back in late September, the agency delayed the BlackRock and Valkyrie spot bitcoin ETF decisions. Throughout the years, the SEC has issued over 30 rejections to a number of filers including the Winklevoss twins. The spot bitcoin race really began heating up in July of this year after BlackRock — the worlds largest asset