The SEC has extended the deadline for deciding on Grayscale’s Ethereum Futures Trust rule change to January 1, 2024. Grayscale seeks to convert its Ethereum Trust into an ETF, marking a significant move in bringing Ethereum into the US regulatory framework. Bloomberg analyst James Seyffart views the delay as anticipated, reflecting the evolving landscape of crypto regulations.
Regulatory Extension: The Securities and Exchange Commission (SEC) has announced an extension of the deadline for deciding on Grayscale’s Ethereum Futures Trust rule change. The new deadline is set for January 1, 2024, providing an extended timeframe for the SEC to approve, disapprove, or consider further proceedings.
Grayscale’s ETF Aspirations: Grayscale filed in early October to transform its Ethereum Trust into an Exchange-Traded Fund (ETF). Grayscale CEO Michael Sonnenshein emphasized the move as a pivotal moment to integrate Ethereum into the US regulatory landscape. The delay, according to Bloomberg analyst James Seyffart, aligns with expectations in the dynamic regulatory environment.
