The post Fidelity’s Proposed Spot Ethereum ETF Delayed Until March appeared first on Coinpedia Fintech News
The Securities and Exchange Commission has delayed Ethereum ETF From January 20, 2024, to March 5, 2024, filed in November by Cboe BZX. The Commission thinks it is wrong to designate a longer period to take action on the proposed rule change.
“The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein,”
SEC
Was the Delay Expected?
After this decision by the SEC, many analysts and prominent figures have reacted to it saying they had expected this before cause right after the Securities and Exchange Commission approved Bitcoin ETF, everyone in the industry was talking about Ethereum ETF. Bloomberg senior analyst Eric Balchunas whose tweets always catch attention has already said that Ethereum ETF is expected in May a
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