On March 19, 2024, the US Securities and Exchange Commission (SEC) delayed its decision on the Ethereum Spot ETF from Ark 21Shares And Hashdex.
The new deadline for consideration of these applications is set for May 24 and May 30, 2024, respectively. These dates will be the last time the SEC can decide whether to approve the products.
Note that Bloomberg Intelligence analyst James Seyffart said that the SEC will not approve applications for Ethereum-ETF in May 2024.
My cautiously optimistic attitude for ETH ETFs has changed from recent months. We now believe these will ultimately be denied May 23rd for this round. The SEC hasn't engaged with issuers on Ethereum specifics. Exact opposite of #Bitcoin ETFs this fall. https://t.co/TyAzAOrAC5
— James Seyffart (@JSeyff) March 19, 2024
Source: Cryptocurrency
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