SEC Postpones Decision on Bitcoin and Ethereum ETFs to 2024

November 17th, 2023
The US SEC has extended its review of Spot Bitcoin and Ethereum ETF applications to 2024. This delay affects Grayscale's Ethereum Futures ETF and HashDex's Bitcoin Futures conversion to spot fund. The SEC cites risks like market manipulation and investor safety. Analyst James Seyffart predicts a high likelihood of Spot Bitcoin ETF approval by January 10, 2024, despite these delays.
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