![Spot Ether ETF Applications Decisions Delayed by SEC New York Stock Exchange with banner flagging ProShares Bitcoin Strategy ETF on the day it started trading.](https://btcusa.com/wp-content/uploads/2024/01/Spot-Ether-ETF-Applications-Decisions-Delayed-by-SEC-678x381.jpg)
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The U.S. Securities and Exchange Commission delayed an application by Grayscale Investments to convert its Ethereum trust product into an exchange-traded fund (ETF), a day after pushing back a decision on an application from BlackRock to launch an ether ETF.
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