The SEC delays the decision of staying for Crypto ETFs and in -kind repayment by early June.
US Securities and Exchange Commission (SEC) delayed the decision on two proposed amendments related to the encryption exchange transaction fund (ETF), extending the period of review of the staying and on -site repayment models by June 2025.
The new timeline is applied to the GrayScale ‘S ETHEREUM (ETH) Staying File and Vaneck Application for Bitcoin (BTC) and Ether ETF.
Decision delay
On April 14, the SEC issued a designated notice on June 1, 2025 as a new deadline for approval of the New York Stock Exchange (NYSE) request for Grayscale’s ETF on June 1, 2025.
This suggestion allows the GrayScale Ethereum Trust ETF (ETHE) and GrayScale Ethereum Mini Trust ETF (ETH) to be dangerous.
This exchange was first filed on February 14 and was published on March 3rd. We set the deadline for the 45 -day decision on April 17.
The Commission quoted more time to change rules and evaluates related issues, and extended the review period in 1934 in accordance with the Securities Exchange Act 19 (B) (2).
Spot restraint
On the same day, the SEC also delayed a separate proposal of CBOE BZX Exchange on racial creations and repayment of Vaneck Bitcoin Trust (HODL) and Vaneck Ethereum Trust (Entv).
The amendment, which was submitted on February 19 and published on March 5, will revise the conditions for creating and repaying trust stocks using digital assets rather than cash.
The initial 45 -day review period was scheduled to expire on April 19, but the committee extended to June 3 and allowed additional consideration.
According to the federal submission, the committee has not yet received a public opinion on two proposals.
The June deadline now provides an extended window for internal evaluation or a potential initiation of the procedure to further evaluate the relevant securities law.
