The SEC has postponed its decision on the Ethereum ETF presented in collaboration between ARK Investment Management and 21Shares. However, the commission has indicated that more time is needed to assess the proposed rule change and related issues in greater detail. As a result, the new decision date has been set for December 26th.
Subsequently, the decision on the VanEck Ethereum ETF was also delayed after the postponement of the ARK 21Shares Ethereum ETF decision. The decision for this ETF has also been postponed at least until December 25th.
The Decision on the ARK 21Shares Bitcoin ETF Has Been Deferred to 2024
Moreover, on Tuesday, the SEC had postponed its decision on the Bitcoin ETF presented in collaboration between ARK Investment Management and 21Shares to January 10th.
Pressure on Gary Gensler
Additionally, Republican and Democratic members of Congress had pressured Securities and Exchange Commission Chairman Gary Gensler on Tuesday to urgently allow the listing of spot Bitcoin ETFs following an important court decision. Members of Congress argued that a regulated spot Bitcoin ETF would make access to Bitcoin more transparent and secure, thereby enhancing investor protection.
