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

Fidelity, Among Other Contenders Like BlackRock, Awaits SEC's Decision on Proposed Spot Ethereum ETF

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fidelity Ethereum Ethereum ETF SEC Securities and Exchange Commission Breaking Push

Overview

  • The U.S. Securities and Exchange Commission (SEC) has delayed its decision on Fidelity's proposed spot Ethereum ETF to March 5, allowing more time to consider the proposal and related issues.
  • Fidelity applied for its spot Ethereum ETF in November 2023, joining other contenders like BlackRock.
  • Analysts expect the crucial decision dates to be towards the end of May.
  • Last week, the SEC approved 11 spot Bitcoin ETFs, leading to speculation about a possible spot Ethereum ETF approval.
  • The delay comes amidst broader discussions about the regulation and acceptance of cryptocurrency-based financial tools.