⌛ SEC continues to delay Bitcoin spot ETF and Ethereum futures ETF
The SEC has further delayed the review of Hashdex's Bitcoin spot ETF proposal and Grayscale's Ethereum futures ETF proposal. Smashing the predictions of experts from Bloomberg, when they said that the SEC would approve the 12 proposals under consideration.
However, earlier in October, the commission approved a series of ETH ETFs, making the delay of Grayscale's Ethereum futures ETF puzzling. The reason for this may come from the ongoing legal disputes between the SEC and Grayscale.
ETF is the driving force behind the growth of the cryptocurrency market when initiated by many financial giants on Wall Street. However, the SEC has not yet approved any Bitcoin spot ETF with the argument that the Crypto market is still full of manipulation and fraud.
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