The United States Securities and Exchange Commission (SEC) has delayed its decision on spot Ether (ETH) exchange-traded fund (ETF) applications from ARK 21Shares and VanEck. The SEC has designated a longer period to consider the proposed rule change that would allow listings of spot ETH ETFs on the Cboe BZX Exchange. The commission received no public comments on either proposal and has pushed the deadlines for a decision to December 25 and December 26, respectively. The delay comes as the Nasdaq Stock Market files a proposed rule change for its mixed ETH ETF. The SEC has also received proposed rule changes for other ETFs from various exchanges. In September, the SEC announced a longer period to reach a decision on spot Bitcoin ETF applications from ARK 21Shares and GlobalX. ARK Investment Management CEO Cathie Wood has speculated that if the SEC approves spot ETFs, it could allow multiple listings simultaneously to avoid giving any single company an advantage. The SEC has never approved a spot crypto ETF in the US, but has allowed the listing of crypto-linked futures ETFs and a leveraged Bitcoin futures ETF. Deadlines for spot crypto ETF applications from other firms are scheduled for October.
