Category: Ethereum

Ethereum

SEC Delays Decision on Multiple ETH ETFs to May 2024

The SEC has postponed decisions on Ethereum-based ETFs, extending the deliberations to May 2024. The delay affects proposals such as the Hashdex Nasdaq Ethereum ETF, Grayscale Ethereum Futures ETF, VanEck spot Ethereum ETF, and an ARK Invest and 21Shares joint proposal. The SEC aims to gather public input, emphasizing meticulous examination and public engagement before reaching a final decision. Analysts foresee final decisions by late May, while the crypto sector eagerly awaits potential approvals for 13 spot Bitcoin ETFs.

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Ethereum

Adoption of ERC-3643 by the Ethereum Community: A Standard for Compliant Asset Tokenization

The Ethereum Improvement Proposal ERC-3643 has been officially endorsed by the Ethereum community, establishing a standard for compliant tokenization of real-world assets. This comprehensive proposal incorporates a self-sovereign identity framework and two permission layers to enhance security and compliance. Asset tokenization offers benefits such as increased liquidity and faster settlements, with a projected market value of $10 trillion by 2030.

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