SEC Delays Hashdex’s Spot Ethereum ETF Application

The U.S. Securities and Exchange Commission (SEC) postponed until January 1, 2024 its decision on Hashdex’s application to launch ETF based on Ethereum and CME-traded futures based on the second-largest cryptocurrency.

The regulator deemed it prudent to delay reviewing the documents to allow sufficient time to study the matter.

The digital asset manager Hashdex submitted the corresponding application in September. The listing was planned on Nasdaq.

Over the past 24 hours, the second-largest cryptocurrency fell 4.2%, according to CoinGecko. At the time of writing, the price was around $1,920.

The Commission moved on the same date its decision on Hashdex’s application to launch a spot ETF based on digital gold.

Earlier in November, BlackRock filed with the SEC to register a spot Ethereum ETF.

Earlier, CoinShares analysts noted interest from asset managers in Ethereum.

Later, Geoffrey Kendrick, head of research at Standard Chartered, predicted the price rise of the second-largest cryptocurrency to $8,000 by the end of 2026.