SEC Extends Review Deadline for Ethereum ETF Proposals: Market Stays Steady

The U.S. Securities and Exchange Commission (SEC) has extended its review period for applications seeking to launch an Ethereum exchange-traded fund (ETF). The extension covers Grayscale Investments’ proposal to incorporate ETH staking within ETFs, a move that is currently under scrutiny by the SEC. While no immediate market volatility was observed, this decision reflects the SEC’s cautious approach toward approving new crypto-linked ETFs.