The Securities and Exchange Commission Delays Its Decision on the 21Shares Ethereum Exchange-Traded Fund Proposal
AI Summary
According to BlockBeats, the U.S. Securities and Exchange Commission (SEC) has delayed its decision on the proposal for the 21Shares Ethereum exchange-traded fund. The delay affects the company's plans to offer a new financial product linked to Ethereum, a leading cryptocurrency. This decision is part of the ongoing evaluation by the SEC of financial instruments related to cryptocurrencies, reflecting the regulatory body's cautious approach to the rapidly evolving digital asset market.
