Breaking News: Bad News From The Sec For Ethereum (Eth).

The U.S. Securities and Exchange Commission (SEC) has delivered disappointing news for Ethereum (ETH). The SEC has postponed Grayscale's Ethereum futures ETF application. This decision comes as a surprise to investors, considering the SEC's tendency to reject spot Ethereum ETFs and now delaying the futures ETF application. Despite losing the previous spot Bitcoin ETF case with Grayscale, the SEC seems to maintain its stance on crypto ETFs. The setback with Grayscale's Ethereum futures ETF application is viewed as part of this unfavorable trend. Ethereum (ETH) prices have shown a limited reaction to this development, but it's crucial to closely monitor the situation as it unfolds.

According to the latest information, the U.S. Securities and Exchange Commission (SEC) has postponed Grayscale's Ethereum futures ETF. This decision has surprised investors because it was previously expected that the SEC would not approve spot Ethereum ETFs. The SEC had previously lost the case involving Grayscale's spot Bitcoin ETF. However, it doesn't seem inclined to change its stance on crypto ETFs, making the postponement of the futures ETF more unexpected.

Previously, the SEC had accepted some applications for Ethereum futures ETFs, but today's decision seems to be specific to Grayscale. The troubled process between Grayscale and the SEC has also affected Grayscale's Ethereum futures ETF.

Looking at the recent movements of the leading altcoin Ethereum (ETH), it can be observed that it did not have a significant reaction to this ETF development. After a slight pullback, Ethereum started to rise again as the process unfolded.