With all eyes on bitcoin ETF decision, SEC kicks ether can down the road

The US Securities and Exchange Commission — expected to rule on planned spot bitcoin ETFs next month — is pushing its decisions on similar funds focused on ether. 

The regulator said it needed more time to rule on an ether ETF proposed by Brazil-based fund group Hashdex in a filing Monday — adding it “encourages” public comments on the proposal. 

If approved, the Hashdex Nasdaq Ethereum ETF would hold ether futures contracts, as well as ether directly. The SEC had last postponed its ruling on the product last month. 

Nasdaq — the exchanges on which the new fund would trade — makes similar arguments in the Hashdex ether proposal as those made in spot bitcoin ETF…

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