According to breaking information, the SEC decided to postpone the application of Hashdex, one of the Ethereum Spot ETF applicant companies.
The Nasdaq exchange filed with the SEC to list the Hashdex Nasdaq Ethereum ETF in September. The fund is managed and controlled by Toroso Investments, which is registered as a commodity pool operator with the Commodity Futures Trading Commission and is a member of the National Futures Association.
“The fund will hold a mix of Spot Ether, Ether Futures Contracts and cash, rather than holding 100% spot Ethereum, which could make it more susceptible to price manipulation in the spot market,” Nasdaq said in its September 19b-4 filing.
This led to what was believed at the time to be an alternative with a higher probability of the SEC approving these ETFs. However, it seems the SEC is still not convinced and has postponed Hashdex's ETF application.
*This is not investment advice.