The Securities and Exchange Commission (SEC) has postponed the deadline for passing a judgment on the proposed spot Ethereum ETH/USD exchange-traded fund (ETF) by Fidelity to March 5.

What Happened: The SEC has expanded the decision-making timeframe for the proposed rule amendment, allowing for a more thorough consideration of the proposal and related matters. The regulatory body stated the necessity for a lengthier evaluation period to decide on approving, disapproving, or initiating proceedings, reported The Block on Friday.

Fidelity tendered the proposal for the Fidelity Ethereum Fund in November. The proposal referred to a court ruling from the previous year that cast doubt on the…

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