The U.S. Securities and Exchange Commission #SEC has delayed its decision on whether to approve or disapprove Grayscale's proposed spot #Ethereum exchange-traded fund (ETF) to January 25, 2024. This decision comes after the SEC's previous extensions of the deadline.

Grayscale, along with other firms, has been seeking the SEC's approval for the first spot Ethereum ETF. The SEC has never approved a spot #Bitcoin or Ethereum #ETF for listing on a U.S. exchange, although it has given the green light to investment vehicles tied to crypto futures.

The delay in the decision has implications for the crypto market and the potential introduction of new investment products.