SEC Delays Decision on Fidelity's Proposed Spot Ethereum ETF to March

SEC Delays Decision on Fidelity's Proposed Spot Ethereum ETF to March

Reported by The Block, the Securities and Exchange Commission delayed its deadline to make a decision on Fidelity's proposal for a spot Ethereum exchange-traded fund until March 5, according to a filing on Thursday.

"The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein," the SEC said.

Fidelity applied for the Fidelity Ethereum Fund in November, noting in its proposal a court ruling last year where judges said the SEC failed to find a coherent reason on why it should reject spot crypto ETFs when it had allowed futures-based products.

Bloomberg Intelligence ETF analyst James Seyffart said the SEC's move to delay was expected. "Fidelity #ethereum ETF delayed just now. Completely expected. Dates that really matter are late May in my view," Seyffart wrote in a post on X.

Source

Ethereum

In This Article

Related News
Ethereum community plans onchain ‘time capsule’ to mark 10th anniversary of network’s genesis block Ethereum community plans onchain ‘time capsule’ to mark 10th anniversary of network’s genesis block
Vitalik Buterin suggests implementing ‘partially stateless nodes’ to help scale Ethereum Vitalik Buterin suggests implementing ‘partially stateless nodes’ to help scale Ethereum
Ethereum developers activate Pectra upgrade with 11 changes to improve UX, validator ops and Layer 2 scaling Ethereum developers activate Pectra upgrade with 11 changes to improve UX, validator ops and Layer 2 scaling
Interchain Labs launches IBC Eureka to connect Ethereum to the Cosmos ecosystem Interchain Labs launches IBC Eureka to connect Ethereum to the Cosmos ecosystem
Ethereum edges closer to deploying Pectra on mainnet with successful upgrade on Hoodi testnet Ethereum edges closer to deploying Pectra on mainnet with successful upgrade on Hoodi testnet
Latest News More More
2 Days Ago Tether plans further Bitcoin mining expansion in South America with Adecoagro tie up
3 Days Ago North Korean hackers use fake Zoom updates to deliver ‘NimDoor’ macOS malware targeting crypto firms
3 Days Ago JPMorgan's blockchain unit tests new carbon credit tokenization application with S&P Global
June 25 Circle's post-IPO stock surge pushes market cap near Coinbase and USDC
June 20 Kraken offers bitcoin ‘staking’ yield via Babylon without wrapping or lending
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open