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Post: SEC Delays Decision on VanEck’s Ethereum ETF Application Until May 23

SEC Delays Decision on VanEck’s Ethereum ETF Application Until May 23

Key Points:

  • The SEC has delayed the decision on VanEck’s spot Ether exchange-traded fund application until May 23.

SEC Postpones Decision on VanEck’s Ethereum ETF Application:

The United States Securities and Exchange Commission (SEC) has pushed back the decision on the spot Ether exchange-traded fund application submitted by VanEck. The SEC extended the timeline for approving or rejecting the proposal by Cboe BZX Exchange to list and trade shares of the VanEck Ethereum ETF. The new deadline for the SEC’s decision is set for May 23, allowing more time for a thorough review.

Hot Take:

The SEC’s decision to delay the judgment on VanEck’s Ethereum ETF application indicates a cautious approach towards cryptocurrency-related financial products. This extension offers the SEC additional time to evaluate the risks and benefits associated with introducing a spot Ether ETF to the market.

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