SEC Delays Decision on BlackRock’s Ethereum ETF

US SEC Delays Decision on BlackRock’s Spot Ethereum ETF

The U.S. Securities and Exchange Commission (SEC) has announced a delay in its decision regarding BlackRock’s spot Ethereum exchange-traded fund (ETF) application. The new decision deadline has been set for March 10, 2024. In their latest filing, the SEC stated that they will either approve, disapprove, or institute proceedings to determine the fate of the proposed rule change. This delay allows the commission more time to consider the application and the issues raised.