The Securities and Exchange Commission (SEC) has delayed its decision on Grayscale Investments’ spot ether exchange-traded fund (ETF) until mid-January. This follows a previous delay on Grayscale’s request to launch an ether futures ETF. Grayscale is seeking to convert its Grayscale Ether Trust into an ETF as part of its efforts to establish a line of spot digital-asset ETFs. While the SEC has permitted ETFs tracking bitcoin and ether futures, it has been delaying and blocking spot ETF applications, including those from firms like BlackRock and Fidelity.
