The US Securities and Exchange Commission (SEC) has postponed the decision on the spot Ethereum ETF application requested by BlackRock and Fidelity.
The SEC does what is expected of it and protects giant investment companies. BlackRock And Fidelity spot Ethereum postponed its exchange-traded fund application (ETF) for the second time.
The regulatory body, which expects more feedback from the public and emphasizes that studies on the subject will continue, stated that Ethereum’s proof of stake (PoS) of the mechanism fraud And to manipulation He demanded that it be investigated whether he was vulnerable to
Comments on both ETF applications are forthcoming. 21 days in and in his objections 35 days It will need to be done in.
With the USA approving the spot Bitcoin ETF in January, all eyes turned to spot Ethereum approval. This expectation In 2024 It led to Ethereum performing stronger against Bitcoin.
Market experts say SEC 50% chance He thinks he will approve spot Ethereum ETF applications next May. currently Franklin Templeton, Ark 21Shares, VanEck And Grayscale Many companies have applied for a spot Ethereum ETF, including