SEC Postpones Decision on Grayscale’s Ethereum ETF Proposal

The cryptocurrency market is holding its breath as the U.S. Securities and Exchange Commission (SEC) postpones its decision on Grayscale Investments’ proposal for a spot Ethereum exchange-traded fund (ETF). This move impacts the potential launch of a new investment product that many investors are eagerly anticipating. The SEC has extended the deadline, pushing back the timeline for approval or disapproval of Grayscale’s application to convert its Ethereum Trust into a Spot ETH ETF. The decision is significant because it involves the inclusion of a staking feature, allowing the fund to earn yield by participating in Crypto Staking.