The US Securities and Stock Exchange Committee (SEC) has postponed its decision regarding approval or refusing to change the proposed base that would allow options to deliberate on some Ethereum ETF. This delay affects ethereum etf, Trust ethereum grayscale, and Ethereum mini trust.
Request to change the base, which was originally submitted by Nyse American LLC on July 23, 2024, to obtain approval to include trade options on these ETHEREUM products. SEC published for the first time the general suspension proposal in the federal registry on August 13, 2024. later, on September 24, 2024, the agency extended its review period to save more time for evaluation. Then, on November 8, 2024, the Supreme Education Council began formally to determine whether the proposal will be approved or rejected.
Now, SEC again set a longer period of work, which delayed the final decision. Eric Balunas, Bloomberg analyst, Eric Balunas, commented on the postponement, saying: “SEC swings on ETHE ETF Spot options. I will not read much in it, and I cannot imagine that they were not finally approved, and it is likely to wait until Atkins is confirmed before moving To things.
It is possible that the reference to “ATKINS” in the Balchunas Patter is a SEC pending date, which may affect the organization’s organizational approach to the financial products related to encryption.
The continuous review of the ETHEREUM ETF options comes amid increasing interest in the encrypted currency investment products. Many companies, including gray and bits, have sought approval from Ethereum ETFS, with trading options for these boxes that are seen as a major step in expanding the market.
The latter delay follows a pattern of organizational scrutiny applied to the financial tools related to encryption. While SEC previously agreed to Bitcoin ETF options, ETHEREM -based products continue to undergo expanded evaluation.
Market participants closely monitor updates, as approval may affect ETHEREUM integration in traditional financial markets. However, with the last SEC step, the schedule of a final final decision remains.
Also read: Coinbase should face a lawsuit for securities violation: Judge
