- SEC delays decision on BlackRock’s spot Ethereum ETF application, extending the deadline to March 10.
- Analysts, including Bloomberg’s James Seyffart, predict sporadic delays until late May, with a final decision on May 23.
- Issuers are monitoring SEC staff signals for willingness to engage on Ethereum ETF applications, similar to spot Bitcoin ETFs.
The introduction of spot Ethereum exchange-traded funds (ETFs) seems to be taking time, as the Securities and Exchange Commission (SEC) has delayed its decision on BlackRock’s application. This further postpones the potential for wider investor access to the world’s second-largest cryptocurrency.
The SEC, in a recent filing, cited the need for “sufficient time to consider” the proposal and the surrounding issues, extending the deadline for a decision to March 10. This follows a similar delay for Fidelity‘s Spot Ethereum ETF application, with a decision now expected by March 5.
Notably, the SEC’s pushbacks echo the familiar pattern seen with spot Bitcoin ETFs, which faced extensive delays before finally breaking through in January.
Spot Ethereum ETF Delays will continue to happen sporadically over the next few m…The post BlackRock’s Ethereum ETF Hit by SEC Delay; Approval May Take Until May appeared first on Coin Edition.