Coin World News reports that the U.S. Securities and Exchange Commission (SEC) has announced a delay in its decision on the conversion of Grayscale's Ethereum Trust to a spot ETF, extending the approval deadline to January 25, 2024. Previously, the SEC had delayed decisions on several applications for Ethereum spot ETFs, including proposals from institutions like BlackRock. Market analysis suggests that the SEC may be waiting for clearer guidance on Ethereum market regulation.