Mithat Can Kartlaşmış 
SEC (The Securities and Exchange Commission) has delayed its decision on BlackRock’s Ethereum spot (ETH ETF) proposal until March.
You might like: Tesla Does Not Change Bitcoin Holdings in Q4!
According to the filing announced on Wednesday, “The Commission finds it appropriate to establish a longer period for acting on the proposed rule change in order to have sufficient time to evaluate the proposed rule change and the issues raised therein.”
The SEC will now have until March 10 to approve, disapprove, or initiate further proceedings on the proposed fund.
BlackRock filed for its own spot ETH ETF, called the iShares Ethereum Trust, in November of last year. According to a filing published last week, Fidelity’s Ethereum Fund proposal was also delayed.
Bloomberg Intelligence ETF analyst James Seyffart said in a statement that delays in spot Ethereum ETF proposals are likely to continue.
In a tweet on Wednesday, Seyffart said, “Spot ETH ETF Delays will continue to occur sporadically over the next few months. The important date is May 23.”
Will SEC Approve Spot Ethereum ETF?
Crypto experts are both optimistic and pessimistic about the likelihood of a spot Ether ETF soon. Some also believe that an approval from the SEC could come as early as May, following the approval of spot bitcoin ETFs earlier this month.
Securities and Exchange Commission Chairman Gary Gensler has been somewhat cool to the idea of other crypto-linked exchange-traded products.
Gensler previously said at a media briefing, “As I said two weeks ago, what we’re doing with respect to Bitcoin exchange-traded products is that it is a single non-security commodity and should be read as nothing else.”
Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don’t forget to follow us on Telegram, YouTube and Twitter for the latest news and updates.