SEC pushes Hashdex, ARK 21Shares Ether ETFs as approval hope dwindles

The U.S. Securities and Exchange Commission has pushed back its decision on Hashdex and ARK 21Shares’ spot Ether ETF applications.

The SEC has continued to push back its decision on spot Ether ETFs, while analysts have turned more pessimistic on approvals.on March 19 to delay came a few days before the agency’s “third deadline” — both Ether ETF applications will face a final decision in late May.Analysts have recently turned sour on the chances of approval for the eight currently proposed Ether ETFs from BlackRock, Grayscale, Fidelity, Invesco Galaxy, VanEck, Hashdex and Franklin Templeton.

Bloomberg ETF analyst James Seyffart said in a March 19 X post that he’s grown increasingly concerned due to a lack of engagement between the SEC and the issuers.

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