The U.S. Securities and Exchange Commission has delayed a decision on the Grayscale Ethereum futures exchange-traded fund (ETF).

Grayscale Investments filed to the Wall Street regulator back in September. The fund would allow investors to buy shares that bet on the future price of Ethereum (ETH), the second-biggest digital asset by market cap.

But the SEC said today that it would delay the decision. The SEC regularly extends the period it has to give decisions on crypto products.

“The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein,” the SEC wrote in its filing.

It currently has a number of spot Bitcoin ETF applications to approve. Lots of high-profile Wall Street firms—including BlackRock—have applied to the regulator to release their own product.

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Author: Mathew Di Salvo

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