In the latest ruling at dawn on September 28 (Vietnam time), the US Securities and Exchange Commission (SEC) announced a delay in making a decision on two Ethereum spot ETF proposals from ARK Invest and VanEck. The new deadline was moved by the SEC to December 26.
These two proposals were announced in turn in early September.
Oddly, the SEC chose to delay the two Ethereum spot ETF proposals less than a month after they were announced, instead of waiting the usual 45-day deadline.
One day earlier, on September 27, the SEC also announced a delay in making a decision on two Bitcoin spot ETF proposals from ARK Invest and Global X.
The US Securities and Exchange Commission, under the leadership of Chairman Gary Gensler, has not approved any spot ETF proposals due to concerns about the risk of market manipulation and fraud in the cryptocurrency market. chemistry.
On the other hand, the SEC has started calculating the review time for Franklin Templeton's Bitcoin spot ETF proposal and Hashdex's mixed crypto ETF proposal.
Bloomberg ETF analysts say that there is a high possibility that the SEC will approve the Ethereum futures ETF first, with the probability of approval in October being up to 90%.
