The U.S. Securities and Exchange Commission (SEC) has deferred its decisions on exchange-traded funds (ETFs) proposed by Ark Invest, 21Shares, and VanEck under Section 19(b)(2) of the Act,5. The commission’s verdicts, originally expected in mid-October, have been postponed until December 26 and 25, 2023, respectively for Ark Invest and 21Shares’ and VanEck’s proposals. As of Thursday, these Nasdaq-listed proposals have received no comments.
This delay comes on the heels of a previous postponement in the decision regarding a spot ETF. The SEC has now extended the decision date for the ARK 21Shares Bitcoin ETF to January 10, 2024.
Meanwhile, Ethereum trades at $1,599 as of Thursday. A number of firms, including VanEck with its VanEck Strategy Ethereum ETF, are speculated to secure approval for an Ethereum Futures ETF by October.
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