The U.S. Securities and Trade Fee (SEC) has delayed a call on Hashdex’s software to launch a spot Bitcoin ETF within the U.S.
The regulator’s web site says that the SEC additionally postponed its determination on Grayscale’s software to launch a futures ETF on Ethereum (ETH).
By the appliance, Hashdex desires to rework its futures exchange-traded fund right into a spot Bitcoin ETF. There may be nonetheless no such instrument within the US. Traders imagine that its launch will appeal to institutional traders to the market. Due to this fact, purposes for the instrument have attracted the eye of the crypto group.
Subsequent up is Franklin Templeton’s software to launch a spot Bitcoin ETF. The deadline for making a call on it expires on Nov. 17.
Earlier, the Nasdaq change positioned an software for an Ethereum ETF proposed by BlackRock. BlackRock has submitted a 19b-4 submitting for its personal Ethereum ETF on Nasdaq, the place the corporate intends to checklist.
The doc additionally states that when the ETH fund is permitted, Coinbase Custody Belief Firm will turn into the first custodian of all Ethereum cash.
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