The U.S. SEC delays Hashdex's Nasdaq Ethereum ETF application until next year.

977Iti

On November 18th, according to The Block, the U.S. Securities and Exchange Commission (SEC) has postponed the decision on whether to approve the Hashdex Nasdaq Ethereum ETF, which aims to hold Ethereum spot and futures contracts. The SEC stated that more time is needed to take action on the changes and indicated that a decision to approve, disapprove, or "institute proceedings to determine whether to disapprove" will be made by January 1, 2024. Nasdaq submitted the application for listing the Hashdex Nasdaq Ethereum ETF to the SEC in September.

Iravan774

This will have to wait until next year to see any progress.

Niti998

Can the application be approved next year?

Jatin255

There are too many reports of such delays; is it always like this?