The United States securities regulator has postponed its decision on approving Grayscale's Ethereum Futures Trust ETF product until the end of May.
The United States Securities and Exchange Commission (SEC) has extended the deadline yet again to decide on the approval of digital asset management firm Grayscale’s Ethereum (ETH) Future Trust exchange-traded fund (ETF).
In a filing published on March 22, the SEC stated that it will postpone the March 31 deadline to May 30 to decide on whether or not to approve Grayscale's Ethereum Futures Trust ETF, which would focus on investing in Ethereum futures contracts.
In December 2023, the SEC postponed the approval date for Grayscale's future ETF product, stating that it would seek additional public input regarding whether the ETF should be listed.
