US SEC Extends Fidelity Ethereum ETF Decision Deadline

The SEC has extended the deadline for deciding on Fidelity's Ethereum ETF proposal to March 5, citing the need for more time to evaluate the rule change. Analysts predict multiple spot Ether ETFs may be approved in the near future, following the recent approval of Bitcoin ETFs by the SEC. Direxion has also entered the ETF space with five Bitcoin ETF filings, further highlighting the growing interest and competition in cryptocurrency investment vehicles.