The U.S. Securities and Exchange CommissionSEC) has again postponed the deadline for a decision on BlackRock You can also find out more about the following: Fidelity‘s applications to launch Ethereum (ETH) spot ETFs.
The regulator published information about the application on its website website. The SEC has once again extended the deadline to consider the application, and asked market participants for their comments.
“The Commission has reached any conclusions concerning any of the issues involved. Rather, as described below, the Commission seeks and encourages interested persons to comment on the proposed rule change.”
SEC statement
The first delay in the decision was recorded for January 2024. The second was in March. The SEC has the right to change the decision date three times.
Bloomberg analyst James Seyffarth believes that the instrument will be available on the market by May 23, 2024. Today is the last day for the SEC’s decision to be made on VanEck’s request to launch a spot Ethereum.ETF.
Franklin Templeton – an American investment firm that manages $1.5 billion in assets – joined the list for launching an Ethereum ETF. The company will entrust ETH’s storage to the Coinbase As a steward, you can act as an exchange. The Chicago Board Options Exchange will offer units of the Franklin Ethereum ETF.CBOE).
The SEC’s decision has not affected the price of Ethereum Any way. According to data on the website, the second largest cryptocurrency by market capital has gained more than 7% during the past 24 hour, and is currently trading at over $3,700. CoinMarketCap.
Bitcoin’s rapid rise in value was followed by the growth of ETH (BTC) – on March 4, BTC came as close as possible to its all-time high, reaching $68,770.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
Source: crypto.news