SEC Extends ETH ETF Decision by 45 Days
The U.S. Securities and Exchange Commission (SEC) has recently taken a significant step towards approving or rejecting an Ethereum spot ETF. In a response to Fidelity, the SEC announced that it will extend its decision-making process regarding the Fidelity spot Ethereum ETF application. The application, which was submitted in November 2023, will now undergo an extended resolution period, with the decision expected to be reached around March 5, 2024. Bloomberg analyst James Seyffart suggests that approval may be possible in May. This development is eagerly awaited by market participants who are closely monitoring the SEC’s decision.
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