SEC Postpones Decision on Hashdex Nasdaq Ethereum ETF
SEC delays decision on Hashdex Nasdaq Ethereum ETF, affecting firms like VanEck, ARK Invest, and creating investor uncertainty in the crypto market.
Amidst excitement surrounding crypto being integrated into mainstream finance, The SEC has broken Ice by delaying its decision on the Hashdex Nasdaq Ethereum ETF. Despite the filing being published for comments since October 2023, the SEC extended the evaluation period, causing delays in approval.
Other firms like VanEck and ARK Invest will be affected by this delay, which has created uncertainty for investors waiting for an Ethereum ETF. Hesitation by the SEC has added to this uncertainty.
The Ethereum ETF aims to track the Nasdaq Ether Reference Price, involving ether, ether futures, and cash equivalents. However, its approval remains uncertain.
Investors also believe the delay hinders market growth and could limit diverse investment options. The SEC is focusing on compliance with rules to prevent fraud and protect investors and the public.
As the crypto community waits for a decision, written comments on the proposed ETF are encouraged. Investors are keenly watching for updates on Ethereum ETFs in the US market.
