The U.S. Securities and Exchange Commission (SEC) has postponed its decision on several Ethereum exchange-traded funds (ETFs) to May 2024. Affected ETFs include the Hashdex Nasdaq Ethereum ETF, Grayscale Ethereum Futures ETF, VanEck spot Ethereum ETF, and the spot Ethereum ETF by Cathie Wood’s ARK Invest and 21Shares. The SEC is initiating proceedings to gather additional public input on the listing of these ETFs, prolonging the timeline for potential approval. Analyst predict a 90% chance of ETF approval by SEC. (Source: Cointelegraph)
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