Wall Street’s top regulator has refused to give a decision on another high-profile spot Ethereum exchange-traded fund (ETF).

Today, a U.S. Securities and Exchange Commission filing shows that the body will push back its decision on approving or denying Grayscale’s application to turn its Ethereum (ETH) Trust into an ETF.

Digital currency asset management firm Grayscale in October filed a a 19b-4 with the SEC to make the conversion. If approved, the Ethereum Trust’s shares will be listed on the New York Stock Exchange and will be directly redeemable for the underlying ETH.

The SEC regularly pushes back decision deadlines. Yesterday, it delayed its decision on fund manager BlackRock’s spot ETH ETF.

And last week, the regulator did the same for Fidelity’s proposed spot Ethereum ETF.

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Author: Mathew Di Salvo

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