The U.S. Securities and Exchange Commission (SEC)delayed the decision on Hashdex’s application to launch a spot ETF backed by digital gold to January 1, 2024.
In September, the digital assets manager proposed to the SEC to convert its Bitcoin futures-based ETF.
The Commission alsodelayed a decision on Grayscale’s Ethereum futures-based ETF.
In September, Hashdex proposed to regulators that a spot ETF based on the second-largest cryptocurrency be approved. In November, BlackRock proposed a similar initiative.
In August, ARK Invest and 21Shares filed applications to launch two Ethereum-futures-based ETFs.
Previously, six firms, including Grayscale, ProShares, Bitwise and VanEck, sought SEC approval of similar products. Later, Valkyrie joined them.