SEC Delays Decision on BlackRock and Fidelity's Spot Ether ETF Applications
The SEC has postponed making a decision on BlackRock and Fidelity's spot ether ETF applications and has launched a comment period for both applications. The SEC has asked for feedback on whether spot ether ETFs could be manipulated and if they are similar to spot and futures ether exchange-traded products. Bloomberg analyst James Seyffart predicts that there will be further delays in the coming weeks, with May 23 being the final deadline for some applications. However, if applicants begin updating their filings by April, it could be a positive sign.
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