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🗓️ "SEC Puts Ethereum ETF Decision on Hold: Awaiting BlackRock's Milestone Moment"
The U.S. Securities and Exchange Commission (SEC) 🏦 has postponed its decision 🚫 on a proposed Ethereum ETF by BlackRock, the world's largest asset manager 🌐. This application 📄 was initially submitted back in November. The SEC states it requires additional time ⏳ to thoroughly review the application for compliance with the Securities Exchange Act 📊, but a specific date for the decision 🗓️ has yet to be announced.
Experts are hypothesizing 🤔 that a decision could potentially be made by May 23, coinciding with a similar submission from VanEck 🔄.
Amidst the legal ambiguities 🧐, the Ethereum price 💹 has soared to a yearly high, fueled by anticipation of the ETF 🚀.
LIVECrypto_Newss
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