The Us Securities and Exchange Commission (SEC) has postponed the decision on the request of CBOE BZX Alternate for the Ethereum Alternate-Traded Charity (ETF) Possibility Record of Constance. SEC said in a filing on March 12 that it would take any decision on this request of CBOE BZX by 14 May. CBOE BZX applied to list this option in January.
This decision is important because the option can be an important step towards attracting institutional capital for the option listing cryptocurrency on the Ether Price Range. Ethereum (eth) Like option listing on cryptocurrency gives big investors and institutional funds an opportunity to invest in the cryptocurrency market, which is very important for the development of the Cryptocurrency Industry.
SEC’s soft trend on Crypto market and many other big decisions
SEC also postponed the decision on the cryptocurrency ETF proposals submitted by other exchanges in February. At the same time Franklin Templeton applied for XRP ETF with SEC This ETF of Franklin Templeton will also be launched under CBOE BZX Alternate and will provide investors a new way of investment in XRP. Earlier this month, SEC sought permission from CBOE BZX to include stacking in the Ether Price Range of Constance, which has not yet been accepted by any public American Ether Charity. Stating means obtaining a reward by placing Ethereum as a guarantee near a validator.
FETH ETF of Constance, which is currently a major crypto ETF with net assets of about $ 780 million, which can be attractive to many investors. Permission of stacking by SEC can provide extra profit for this fund. Also, SEC has indicated to take the decision by May by CBOE Alternate by May to deliver option listing on the eater charity of Constance.
Meanwhile, the Ishares Etreum Consider of Blackrock, which is the largest ETH ETF with net assets of over $ 3.7 billion, on which SEC can decide by April.
Conclusion
It is very important for SEC to take a decision on cryptocurrency and related finictive products as it increases the attraction for the validity and institutional investors of the Crypto Market. As SEC’s decisions have been constantly postponed and seems to be gradually adopting a more positive and open stance for the Crypto Market, which may be important for Crypto Investors in Future.
