The SEC has traditionally opposed spot crypto ETF products, only allowing a flurry of spot bitcoin ETFs to go live in the U.S. for the first time earlier in January. Thursday's delay of any decision on Grayscale's application is unsurprising, as is its delay of the BlackRock bid.
It's unclear whether the spot ethereum ETF applications have progressed to this stage. However, this week's filings pose a number of questions for the general public to weigh in on...
"Do commenters agree that arguments to support the listing of Bitcoin ETPs apply equally to the Shares," the filing asked. "Are there particular features related to ETH and its ecosystem, including its proof of stake consensus mechanism and concentration of control or influence by a few individuals or entities, that raise unique concerns about ETH's susceptibility to fraud and manipulation?"
#sec #grayscale-investments #blackrock #ethereum-etf #spot-crypto-etf #bitcoin-etf #market-manipulation
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