The US SEC delayed making a decision on the BlackRock subsidiary iShares Ethereum ETF Options.
SEC seeks public comments on a similar Ethereum ETF by Cboe BZX exchange, Fidelity.
The crypto ETF filings are increasing by the day by global organizations. While the SEC is moving forward with some filings, others are getting delayed for various reasons. It pushed the last date to make a decision on iShares Ethereum ETF Options to April 9 this year.
iShares is a financial services company that provides ETFs as a subsidiary under the BlackRock investment company. It is unclear whether the delay is genuinely for reviewing proposed rule change or there are other reasons behind it. But, the announcement stated,
“The Commission finds it appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein.”
Bloomberg An
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