GBTC - SEC Postpones Decision On Grayscale's Ethereum ETF Proposal Seeks Public Input | Benzinga
The Securities and Exchange Commission delayed its decision Thursday on approving Grayscale's (OTC: GBTC) proposal for a spot Ethereum (CRYPTO: ETH) exchange-traded fund.
This decision follows the initial proposal submission by NYSE Arca, Inc. on Oct. 10, 2023.
Grayscale's Ethereum Trust aims to reflect the value of Ethereum held by the trust minus expenses and liabilities.
The trust's assets consist solely of Ethereum and related rights.
Each share represents a proportional interest in the trust's assets based on the total number of shares outstanding.
The SEC's decision to delay comes amid legal and policy considerations regarding the proposed rule ...