The commission's delay on VanEck’s application to May 23 opened the proposal to public comment.
The United States Securities and Exchange Commission (SEC) has postponed a potential decision of an application for a spot Ether (ETH) exchange-traded fund (ETF) from asset manager VanEck.
In a March 20 notice, the SEC said it had extended the time period on approval or disapproval for the Cboe BZX Exchange to list and trade shares of the VanEck Ethereum ETF. The commission will have until May 23 for its final decision on the investment vehicle.
“The Commission finds that it is appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has sufficient time to consider the proposed rule change,” said the SEC.
