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The Securities and Exchange Commission delayed a decision on BlackRock’s proposed spot ether ETF.
The delay pushes any decision on the proposed fund to March 10, according to an official release by the agency.
The delay was largely expected, with the SEC also delaying decisions on Fidelity’s proposed fund on Jan. 18.
Read more: After spot bitcoin ETF approval, eyes shift to ether fund decision
“Spot Ethereum ETF Delays will continue to happen sporadically over the next few months. Next date that matters is May 23rd,” Seyffart said.
The decision comes just weeks after the SEC approved nearly a dozen spot bitcoin ETFs. Three commissioners — Hester Peirce, Mark Uyeda and…
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