Simple Money Goal
  • Economy
  • Editor’s Pick
  • Investing
  • Politics
  • Stock
  • Top News
  • Economy
  • Editor’s Pick
  • Investing
  • Politics
  • Stock
  • Top News
No Result
View All Result
Simple Money Goal
No Result
View All Result
Home Investing

SEC Postpones Decision on Hashdex Spot Bitcoin ETF and Grayscale Ether ETF

by
November 16, 2023
in Investing
0
SEC Postpones Decision on Hashdex Spot Bitcoin ETF and Grayscale Ether ETF

Source: Hashdex

The U.S. Securities and Exchange Commission has postponed its decision on the approval of Hashdex Bitcoin ETF and Grayscale Ethereum Futures Trust ETF.

The SEC published a document that addresses to the deferral of Hashdex’s filing. Hashdex previously filed to convert its current Bitcoin Futures ETF (DEFI), listed on the New York Stock Exchange (NYSE) and sponsored by Teucrium Trading, to a spot Bitcoin ETF. If approved, Hashdex Bitcoin ETF will be the first U.S. exchange-traded fund that invests directly in Bitcoin.

According to Bloomberg Intelligence, the SEC had until Nov.17 to make a decision on Hashdex Bitcoin ETF. The SEC now announces the new decision deadline to be Jan. 1, 2024, and expects to provide more updates then.

The approval decision of Grayscale’s Ethereum Futures Trust (ETH) ETF has also been delayed to Jan.1, 2024.

Spot bitcoin ETF approval *could* come this week…

Here’s my attempt to briefly summarize the situation that @JSeyff was all over.

h/t @SGJohnsson pic.twitter.com/whAAiHxwaZ

— Nate Geraci (@NateGeraci) November 13, 2023

Though there have been speculations about the approvals, including the analysis by the Bloomberg analyst James Seyffart and The ETF Store president Nate Geraci. Yet again Hashdex’s and Grayscale’s filings were deferred, like numerous other ETF filings.

SEC’s Concern about Spot Bitcoin ETF


In 2021, SEC Chairman Gary Gensler stated that “the markets for actual Bitcoin itself today are largely unregulated” and “this lack of regulatory oversight and surveillance leads to concerns about the potential for fraud and manipulation.” The authorities are also concerned about the unconventional volatility of cryptocurrencies.

As the regulatory body proceeds with caution, looking out for surveillance gaps, financial institutions like BlackRock have also been considering including additional safety nets to its ETF filing and operation. Earlier in June, BlackRock filed for a Bitcoin ETF and planned to have Coinbase Custody as its Bitcoin custodian. Coinbase, on the other hand, is the only publicly traded and spot-crypto exclusive U.S. exchange. BlackRock has also filed for its Ethereum ETF.

The post SEC Postpones Decision on Hashdex Spot Bitcoin ETF and Grayscale Ether ETF appeared first on Cryptonews.

Previous Post

South Korean Traders Drive Recent Crypto Surge as Exchanges’ Market Share Jumps to 13%

Next Post

Coinbase Ventures Invests More in Startups Outside the US, Especially in India, Singapore, Australia, and the UK

Next Post
Coinbase Ventures Invests More in Startups Outside the US, Especially in India, Singapore, Australia, and the UK

Coinbase Ventures Invests More in Startups Outside the US, Especially in India, Singapore, Australia, and the UK

Subscribe to Simplemoneygoal.com

    Economy

    Japan braces for more quakes, authorities dismiss doomsday hype

    July 5, 2025
    A Gaza ceasefire is the closest it has been in months. Here’s what we know
    Economy

    A Gaza ceasefire is the closest it has been in months. Here’s what we know

    July 5, 2025
    Joyful Parisians take a historic plunge into the Seine after 100 years
    Economy

    Joyful Parisians take a historic plunge into the Seine after 100 years

    July 5, 2025
    Denmark has long been Euroskeptic. Donald Trump helped change that
    Economy

    Denmark has long been Euroskeptic. Donald Trump helped change that

    July 5, 2025
    • About us
    • Contacts
    • Email Whitelisting
    • Privacy Policy
    • Terms and Conditions

    Copyright © 2023 Daily Trading Digest. All Rights Reserved.

    No Result
    View All Result
    • Economy
    • Editor’s Pick
    • Investing
    • Politics
    • Stock
    • Top News

    Copyright © 2023 Daily Trading Digest. All Rights Reserved.