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The U.S. Securities and Alternate Fee (SEC) has deferred its selections on exchange-traded funds (ETFs) proposed by Ark Make investments, 21Shares, and VanEck below Part 19(b)(2) of the Act,5. The fee’s verdicts, initially anticipated in mid-October, have been postponed till December 26 and 25, 2023, respectively for Ark Make investments and 21Shares’ and VanEck’s proposals. As of Thursday, these Nasdaq-listed proposals have obtained no feedback.
This delay comes on the heels of a earlier postponement within the determination concerning a spot ETF. The SEC has now prolonged the choice date for the ARK 21Shares Bitcoin ETF to January 10, 2024.
In the meantime, Ethereum trades at $1,599 as of Thursday. Various corporations, together with VanEck with its VanEck Technique Ethereum ETF, are imagined to safe approval for an Ethereum Futures ETF by October.
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