U.S. SEC Delays Review of Grayscale Ethereum (ETH) Spot ETF Staking

Source
JH Kim

Summary

  • The U.S. SEC reportedly extended the review deadline for the staking service within Grayscale's Ethereum (ETH) spot ETF.
  • The SEC said that additional review was necessary, and that investors' expectations were drawing attention.
  • It said this decision would delay the final approval decision beyond the original expectation.

On the 28th (local time), according to Crypto Briefing, a crypto asset (cryptocurrency) specialist media outlet, the U.S. Securities and Exchange Commission (SEC) extended the review deadline for staking services related to the Ethereum (ETH) spot exchange-traded fund (ETF) applied for by Grayscale.

The SEC reportedly said that additional review was necessary. As a result of this decision, the final approval decision will be delayed beyond the original expectation.

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JH Kim

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