SEC Delays Decision on Fidelity’s Ethereum ETF

SEC Delays Decision on Fidelity’s Spot Ethereum ETF Application

The U.S. Securities and Exchange Commission (SEC) has announced a delay in its decision on Fidelity’s application to launch spot Ethereum (ETH) ETFs. According to information on the regulator’s website, the decision is now expected on March 5, 2024. The SEC cited the need for additional time to consider the proposed rule change and the issues raised therein as the reason for the delay.