SEC Delays Decision on 21Shares Spot Ethereum ETF

The U.S. Securities and Exchange Commission (SEC) has announced a delay in its decision regarding 21Shares’ spot Ethereum ETF proposal. This postponement impacts the company’s plans to launch a new financial product based on Ethereum, a prominent cryptocurrency. This move reflects the SEC’s ongoing review of cryptocurrency-related financial products, demonstrating its cautious stance towards the rapidly changing digital asset landscape.