SEC Delays Decision on BlackRock and Fidelity Ethereum Spot ETFs

SEC Postpones Decision on BlackRock and Fidelity’s Ethereum ETFs

The U.S. Securities and Exchange Commission (SEC) has once again delayed making a decision on applications from investment giants BlackRock and Fidelity to launch Ethereum (ETH) spot exchange-traded funds (ETFs). The SEC is seeking input from market participants and has not yet reached any conclusions on the matter. This marks the second postponement, with the initial delay occurring in January 2024. The deadline for a decision on VanEck‘s spot Ethereum-ETF application also falls on May 23, 2024.