Thursday, September 7, 2017, EtherIndex revealed it would refile the listing application for an Ether-based exchange-traded fund (ETF) after the New York Stock Exchange withdrew its application with the Securities and Exchange Commission (SEC) on Wednesday.
In an email speaking to the delay, Joseph Quintilian, CFO of EtherIndex, commented that it “is a timing issue and not at all a reflection of our commitment to the product.”
For the time being, EtherIndex will hold off on filing the application until “the moment we see the appropriate developments in the marketplace,” said Quintilian.
As reported by ETHNews, the SEC has been mulling over whether or not to greenlight the ETF proposed by EtherIndex since April 25, 2017.
The SEC’s decision is due on September 20, at which time ETHNews will provide additional coverage.