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SEC delays decision on ETF applications from Hashdex and Grayscale

Securities Commission (SEC) transferred as of January 1, 2024, a decision on Hashdex’s application to launch a spot ETF based on digital gold.

In September, the digital asset manager proposed to the SEC to convert its Bitcoin futures-based exchange-traded fund.

At the same time, the Commission also postponed decision on Grayscale’s application to launch ETFs based on Ethereum futures.

In September, Hashdex proposed to the regulator to approve a spot exchange-traded fund based on the second largest cryptocurrency by capitalization. In November, BlackRock came up with a similar initiative.

In August, ARK Invest and 21Shares applied to launch two ETFs based on Ethereum futures.

Prior to this, six firms requested approval of similar products from the SEC, including Grayscale, ProShares, Bitwise and VanEck. Valkyrie later joined them.

Source: Cryptocurrency

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