U.S. SEC Delayed Decision on Ethereum Spot ETF

Reported by Cointelegraph, the United States Securities and Exchange Commission (SEC) has delayed its decision to approve or reject BlackRock and Fidelity’s spot Ether exchange-traded funds (ETFs).

In separate March 4 filings, the SEC announced that its decision on applications from BlackRock for its iShares Ethereum Trust and Fidelity for its Ethereum Fund will be delayed.

The SEC first delayed its decision on BlackRock’s and Fiedlity’s Ether ETF applications in January, shortly after it approved a roster of spot Bitcoin (BTC) ETFs to go live. The SEC can delay its decision up to three times before making a final decision.

The SEC’s delay hasn’t come as a surprise, with market commentators and ETF analysts long speculating that the SEC will only decide to approve or deny the ETFs once the first final deadline arrives in May.

In an earlier Feb. 7 post to X, Bloomberg ETF analyst James Seyffart said that May 23 — the final deadline for VanEck’s spot ETH ETF application — is the “only date that matters” when it comes to Ethereum ETFs.