Ethereum Faces Anticipation, Now Extending to March... SEC Review Impact Looms.
The U.S. Securities and Exchange Commission (SEC) surprised the market by delaying the review of BlackRock's Ethereum Exchange-Traded Fund (ETF), setting a new deadline for March 10. BlackRock, the world's largest investment firm, officially filed the ETH-based fund proposal in November. This move follows the recent postponement of Fidelity's Ethereum ETF proposal by the SEC. Delays in Ethereum ETF decisions are expected to occur sporadically, with May 23 marked as a crucial date for the SEC's final verdict on VanEck's proposal, the first of seven awaiting approval.
SEC Commissioner Hester Peirce emphasizes the importance of avoiding arbitrary delays, seeking a smoother process than experienced with Bitcoin ETFs.
