Editor's PiCK
U.S. SEC Delays Approval Decision on Bitwise Ethereum Spot ETF with Staking Feature
Uk Jin
Summary
- The U.S. Securities and Exchange Commission (SEC) announced the postponement of the approval decision for the Ethereum (ETH) spot ETF with a staking feature.
- The SEC said further investigation is needed into the Bitwise application for a staking Ethereum spot ETF.
- The SEC stated it would review possible market manipulation or lack of investor protection, and intends to collect public feedback.
The U.S. Securities and Exchange Commission (SEC) has postponed its approval decision on the Ethereum (ETH) spot Exchange Traded Fund (ETF) that includes a staking feature.
According to Coindoo, a cryptocurrency-focused media outlet, on the 1st (Korean time), the SEC announced in a statement that it is once again delaying the decision on the Bitwise application for an Ethereum spot ETF that includes staking.
In the statement, the SEC said, "A review is underway to determine whether approval of an Ethereum spot ETF with a staking feature could lead to market manipulation or a lack of investor protection," adding, "We plan to solicit public opinion on the relevant application."
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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