The US Securities and Exchange Commission (SEC) has postponed its decision on Hashdex and Grayscale's applications to launch cryptocurrency-based ETFs.
In particular, the regulator has delayed its decision on Hashdex's spot Bitcoin ETF until January 1, 2024. Notably, the application was filed in September by the company to convert its Bitcoin futures-based exchange-traded fund into an ETF.
For its part, the SEC has also decided to put off Grayscale's application, which in this case is for the launch of an ETF based on Ethereum futures.
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The regulator has said:
"The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein."
Fidelity and BlackRock have also filed their own applications to launch spot Bitcoin ETFs.