SEC Delays Decision on BlackRock and Bitwise Ethereum ETFs
In a recent turn of events, the SEC has opted to delay its decision on BlackRock’s proposal for a spot Ethereum ETF.
Along with this, the regulatory body has also postponed its ruling on Bitwise’s Ethereum Spot ETF application. Both products are under review as the SEC evaluates the broader implications of approving such financial instruments.
This move comes after the SEC recently approved Bitcoin Spot ETFs, though it took seven months from their initial launch to gain approval.
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If a similar timeline is followed, Ethereum Spot ETFs could potentially receive approval by February 2025, though no guarantees can be made at this stage.
The SEC is expected to revisit these Ethereum applications, with its next decision set for November 10, when further clarity may emerge on the approval process.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
