The US Securities and Exchange Commission (SEC) has postponed its decision on BlackRock’s spot Ethereum ETF application.
The SEC is postponing its decision on spot Ethereum ETF applications, just as it did in the early stages of spot Bitcoin exchange-traded fund (ETF) applications. by the regulatory body Wednesday, January 24 In the file presented on the day, presented by BlackRock iShares Ethereum Trust The decision regarding the ETF to March 10 announced that it was postponed.
The regulator will close the ETF application on March 10, which is marked as the next date. can confirm, may refuse or may request additional time.
The reason for this postponement decision was to investigate the details of the file. more time is needed Stating that the SEC included the following statements between the lines of its statement:
The Commission finds it appropriate to establish a longer period for taking action on the proposed rule change in order to have sufficient time to consider the proposed rule change and the issues raised herein.
BlackRock submitted the spot Ethereum ETF application last year. November He presented it in . Another big name that recently joined this trend is Fidelity had happened.
About subject in comment Bloomberg Intelligence ETF analyst James Seyffartonce again pointed to the month of May:
Postponement decisions regarding spot Ethereum ETFs will continue to come up sporadically over the next few months. The next important date is May 23.