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

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.