- Fidelity’s Ethereum ETF faces a delayed decision from the SEC, with a final resolution expected by March 5, 2024.
- Analysts, including James Seyffart, predict potential approval for spot Ethereum ETFs in late May.
- Fidelity’s Bitcoin ETF gains significant traction, accumulating $2.1 billion in trading volume within the first five days.
While Bitcoin ETFs made a triumphant debut in the US, the wait for its Ethereum counterpart continues. Fidelity, one of the leading applicants, received a delayed decision from the U.S. Securities and Exchange Commission, pushing the final resolution to March 5, 2024.
“The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein,” the filing said.
Fidelity #ethereum ETF delayed just now. Completely expected. Dates that really matter are late May in my view. https://t.co/8mvhcPRaS7— James Seyffart (@JSeyff) January 18, 2024
This comes as no surprise to many experts, including Bloomberg’s James Seyffart, who predicts a late May approval date for spot Ethereum ETFs. Thi…
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