The US Securities and Exchange Commission (SEC) has announced that it is postponing its decision on Hashdex’s request to establish an ETF for Ethereum and futures on the second-largest cryptocurrency trading on CME until January 1, 2024.
The SEC has deemed this delay as necessary in order to fully examine the issue in question. Hashdex, a digital asset manager, initially submitted the application in September with plans to list on Nasdaq.
At the time of writing, the price of Ethereum has decreased by 4.2% according to CoinGecko, reaching a value of around $1920.
The SEC had previously delayed the decision on Hashdex’s request to launch an ETF for digital gold until the same date.
In a previous development, investment management company BlackRock submitted an application to the SEC in November to register an ETF for Ethereum.
