Apple Q2 2026 Earnings Surge as iPhone 17 Sales Drive Record Revenue 
TikTok Nears $400 Million Settlement With Trump Administration Over Child Privacy Lawsuit 
Ethereum Follows the Leader: ETH Eyes 2,500 USD as Bullish Momentum Builds 
Bitcoin Peaks Above USD 81,000: Resilient Demand Absorbs Strategic Profit-Taking 
AI-Driven Inflation Raises U.S. Consumer Prices, Goldman Sachs Says 
Intel Emerges as Key Contender in Apple’s Chip Manufacturing Strategy Shift 
FBI Warns of China’s Expanding Hack-for-Hire Network Amid Extradition Case 
Infineon Raises 2026 Outlook as AI Data Center Chip Demand Surges 
BHP Attracts AI-Focused Investors as Copper Demand Surges 
Texas AG Investigates Lululemon Over "Forever Chemicals" in Activewear 
DOJ Ends Probe Into Fed Chair Jerome Powell, Boosting Kevin Warsh Confirmation Prospects 
Ethereum Technical Outlook: ETH Braces for Support as Bulls Eye the USD 2,200 Buy Zone 
Hua Hong Semiconductor Stock Surges to Multi-Year High Amid AI Boom 
The SEC has once again delayed Grayscale's application for a spot Ethereum ETF, pushing the decision to June 23 as it intensifies its examination of cryptocurrency ETFs. This marks another delay setback affecting major financial players like BlackRock and Fidelity.
SEC Extends Review of Grayscale's Ethereum ETF, Cites Comprehensive Compliance Checks
According to CoinGape, Grayscale filed Form 19b-4 with NYSE Arca in October to approve the transfer of its current Ethereum Trust into a spot ETH ETF. In January, Grayscale changed its Bitcoin Trust into a spot Bitcoin ETF.
The SEC's decision to delay is also based on objections and revisions to the proposal being considered. According to the agency, the improvements require more time to assess and resolve any issues. The updated proposal is being thoroughly reviewed to ensure compliance with all regulatory requirements.
This issue is not limited to grayscale. Other asset managers have had their comparable applications delayed by the SEC. Franklin Templeton's application has been postponed until June 11. Other major players, like BlackRock, Fidelity, and VanEck, have also been delayed.
Grayscale Enhances ETF Application Amid SEC Scrutiny, Aims for Regulatory Alignment
Following the SEC's latest action, Grayscale has taken another step to improve its application. The corporation filed Form S-3 in conformity with the US. Securities Act plans to expand its activity in the context of the Ethereum ETF sale. These procedures demonstrate Grayscale's commitment to gaining approval.
The delay in the approval of spot Ethereum ETFs demonstrates ongoing regulatory concern. Analysts warn that adding additional features to certain applications may cause problems. SEC Chairman Gary Gensler has stated that most cryptocurrency holdings are securities. This viewpoint may be influencing the SEC's cautious approach to these ETFs.
Despite setbacks, the crypto ETF sector has seen significant activity. Since the approval of its spot Bitcoin ETF, more than $12 billion in net inflows have been reported. In contrast, Grayscale's Bitcoin Trust experienced massive outflows, with a 50% drop in managed volume over the current week.
Photo: Microsoft Bing
