TechFlow news, according to The Block, the U.S. SEC has again delayed its decision on whether to approve NYSE's proposal to list options for spot Ethereum ETFs. In its filing, the SEC stated the delay is intended to allow for further analysis and public comment, particularly regarding whether the proposed rule change complies with the requirements of the Securities Exchange Act. The SEC emphasized concerns about the proposal’s potential impact on preventing market manipulation, protecting investors, and ensuring a fair trading system, as stipulated under Section 6(b)(5) of the Securities Exchange Act.
This extension also includes consideration of BlackRock's iShares Ethereum Trust (ETHA).
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