SEC Delays Decision on 21Shares’ Ether ETF Proposal: Market Uncertainty Rises

The Securities and Exchange Commission (SEC) has delayed its decision on 21Shares’ application for an Ethereum exchange-traded fund (ETF), adding to the ongoing uncertainty surrounding crypto market regulation. This delay follows a trend of extended review periods for crypto ETFs, impacting investor confidence and driving volatility in the ETH market. Public comments are now being sought by the SEC, with potential approvals unlikely before late June or early July according to analyst James Seyffart. While delays are not unexpected, this situation is creating a volatile environment for investors.