The SEC has recently announced that it will be delaying its decision on approving an Ethereum-based spot ETF launched by 21Shares and VanEck.
The regulator believes it is necessary to have more time to thoroughly review the applications.
The new decision date for 21Shares is set for December 26 and for VanEck it will be at least December 25.
This comes after both companies submitted proposals on September 6 to launch a joint Ethereum-spot ETF, which would allow investors to directly take on risk from price fluctuations of the second largest cryptocurrency listed on CBOE BZX.
According to Bloomberg analyst Eric Balchunas, there is a high likelihood that Ethereum futures will be introduced in early October.
He also noted that while the decision on the spot ETF remains uncertain, the introduction of futures will still have a significant impact on the market.