SEC again delays decision on Grayscale Ethereum spot ETF proposal to allow public comment
The US Securities and Exchange Commission (SEC) has once again delayed its decision on Grayscale Investments' Ethereum spot ETF proposal and has issued an order on Thursday soliciting public opinion on how to proceed with the proposed Grayscale Ethereum Trust. The SEC specifically asked about Ethereum's proof-of-stake mechanism and whether "concentration of control or influence by a few individuals or entities" could raise unique concerns that would make the fund susceptible to fraud and manipulation. The agency also raised questions about Ethereum futures products in its submission. The SEC said that opinions will be submitted within 21 days, with a rebuttal period of 35 days.It is reported that this regulatory agency first delayed its decision on the proposal on December 5th.In response, Bloomberg Intelligence ETF analyst James Seyffart said that the delay of the Ethereum spot ETF may continue. Seyffart said earlier this week on X: "Ethereum ETF spot delays will continue to occur occasionally over the next few months. The next important date is May 23."
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