In a recent development, the U.S. Securities and Exchange Commission (SEC) has decided to postpone its decisions on two Ethereum exchange-traded funds (ETFs) - Hashdex and ARK 21Shares. This delay has created a buzz in the cryptocurrency community and has left investors eagerly awaiting the final verdict from the regulatory body.
The SEC's decision to delay the approval of the Hashdex Nasdaq Ethereum ETF until May 30, 2024, is significant as it involves a combination of spot ether and futures contracts. The deadline for the final verdict may be May 23, adding to the anticipation surrounding the ETF's fate. This delay reflects the SEC's cautious approach towards cryptocurrency ETFs and its efforts to ensure investor protection in this rapidly evolving market.
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