The decision on the application for the issue of Ethereum-ETF will be made before March 5
The US Securities and Exchange Commission (SEC) has delayed its decision on Fidelity's Ethereum ETF application.
Department officials reported that they would need more time to consider the proposal to create a cryptocurrency derivative and related issues, so the regulator postponed the deadline to March 5.
However, Bloomberg analyst James Seyffart doubts that the commission will give the go-ahead for ETH-ETF trading in March. In his opinion, Fidelity will be able to agree with the government on the launch of trading in fund shares no earlier than the end of May.
Dynamics of changes in the probability of Ethereum-ETF approval on Polymarket
Polymarket clients who bet on an affirmative decision on applications for the issuance of a Bitcoin ETF earned $12.6 million. At the moment, a successful bet on the approval of an ETH-ETF will increase capital by 82%, and a winning bet on a negative outcome of the event will bring 117% profit.
