Ethereum ETF Approval Delayed Until March
The Securities and Exchange Commission (SEC) has extended the deadline for approving a proposed Ethereum exchange-traded fund (ETF) until March. The SEC stated that it needs more time to review the proposal and address the concerns raised. BlackRock and Fidelity have also faced delays with their respective Ethereum ETF applications.
Spot Ethereum ETF Delays Expected
Bloomberg Intelligence ETF analyst James Seyffart predicts that delays for spot Ethereum ETF proposals will continue to occur sporadically in the coming months. Seyffart mentioned that May 23rd is an important date to watch.
Potential Approval for a Spot Ether ETF
Crypto experts have mixed opinions on the possibility of a spot ether ETF, with some optimistic about its approval as early as May. However, SEC Chair Gary Gensler recently dampened expectations, emphasizing that previous approvals only applied to bitcoin and shouldn’t be interpreted as opening the door for other crypto-linked products.
About Author
Sarah is a reporter at The Block covering policy, regulation, and legal developments in the crypto industry. She has previously written about securities regulation and has experience in finance-related publications. Sarah is based in Washington D.C. and can be followed on Twitter @ForTheWynn.
Hot Take: Will an Ethereum ETF Be Approved?
The approval of an Ethereum exchange-traded fund (ETF) has been delayed until March, causing uncertainty among investors. While some remain hopeful that approval could come as early as May, SEC Chair Gary Gensler has cautioned against assuming that previous bitcoin ETF approvals indicate a broader acceptance of crypto-linked products. As delays continue, it remains to be seen whether a spot ether ETF will ultimately receive regulatory approval.
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