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<a href="https://bitcoinworld.co.in/sec-delays-fidelity-ethereum-etf-decision-till-march/" title="SEC Delays Fidelity Ethereum ETF Decision Till March" rel="noopener noreferrer nofollow"></a>
The Securities and Exchange Commission (SEC) has postponed the deadline for passing a judgment on the proposed spot Ethereum (ETH) ETF for Fidelity Investment.
The SEC <a href="https://www.theblock.co/post/273473/sec-delays-decision-on-fidelitys-proposed-spot-ethereum-etf-to-march?utm_source=cryptopanic&amp;utm_medium=rss" rel="noopener noreferrer nofollow">has</a> expanded the decision-making timeframe for the proposed rule amendment, allowing for a more thorough consideration of the&nbsp;proposal and related matters.&nbsp;
The regulatory body stated the necessity for a lengthier evaluation period to decide on approving, disapproving, or initiating proceedings.
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 SEC’s denial of spot cryptocurrency ETFs, while it approved futures-based products.
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James Seyffart, an ETF analyst at Bloomberg Intelligence, suggested that the SEC’s delay was expected. He proposed that the crucial dates are likely to be towards the end of May.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Fidelity <a href="https://twitter.com/hashtag/ethereum?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#ethereum</a> ETF delayed just now. Completely expected. Dates that really matter are late May in my view. <a href="https://t.co/8mvhcPRaS7" rel="noopener noreferrer nofollow">https://t.co/8mvhcPRaS7</a>
 — James Seyffart (@JSeyff) <a href="https://twitter.com/JSeyff/status/1748098917676331285?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 18, 2024</a>
</blockquote>
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Last week, the SEC sanctioned 11 spot Bitcoin ETFs for trading, leading to conjecture about a possible spot Ethereum ETF shortly.&nbsp;
Fidelity, along with BlackRock, is among the contenders for the spot Ethereum ETF.
The delay in the SEC’s decision on the spot Ethereum ETF approval comes amidst a broader discussion about the regulation and acceptance of cryptocurrency-based financial tools.
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SEC Delays Fidelity Ethereum ETF Decision Till March

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