SEC Pushes Back Decision on BlackRock, Fidelity's Ether ETF Applications
Background
The Securities and Exchange Commission (SEC) has delayed its decision on BlackRock and Fidelity's applications for ether exchange-traded funds (ETFs).Key Points
The SEC's decision was originally expected on February 8 but has been pushed back.
The Commission wants to gather more information on the applications.
The ETFs aim to invest in ether, the native cryptocurrency of the Ethereum network.
Bloomberg ETF analyst James Seyffart highlighted the significance of May 23 as the only date relevant to spot ethereum ETFs currently.
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