Categories: U.S. Regulation

The Securities and Exchange Commission Delays BlackRock Spot Ethereum ETF

The SEC has postponed the decision on BlackRock’s Spot Ethereum ETF, extending the deadline to March 10, 2024. Following the approval of Spot Bitcoin ETFs, BlackRock anticipated swift approval for its Ethereum ETF, but the SEC has delayed decisions on all Spot Bitcoin ETF applications before approval.
The SEC’s skepticism toward cryptocurrencies, expressed by Chair Gary Gensler, is evident, leading to concerns about potential delays for Ethereum ETFs from other asset management firms. The commission’s recent decision to delay Fidelity Spot Ethereum ETF application adds to the uncertainty in the cryptocy ETF landscape.
Terron Gold

Recent Posts

Federal Reserve Moves to Tighten Stablecoin Oversight With New Customer Identification Requirements

The Federal Reserve has unveiled a new proposed rule that would require certain payment stablecoin issuers to…

7 days ago

HIVE Stock Surges 10% After Landing $220 Million Sovereign AI Infrastructure Deal in Canada

Shares of HIVE Digital Technologies jumped more than 10% after the company announced a major $220 million, three-year…

7 days ago

Illinois Becomes First State to Tax Bitcoin and Crypto Transactions as Critics Call It the Most Punitive Crypto Tax in America

Illinois has officially become the first U.S. state to impose a transaction-based tax on cryptocy activity…

1 week ago

FOMC Rate Decision Triggers $122 Million Crypto Liquidation Cascade as Bitcoin and Ethereum Slide

The cryptocy market was hit by a sharp wave of volatility after the Federal Open Market…

1 week ago

Algorand Targets Full Quantum Resistance by 2027 as Blockchain Industry Faces Growing Quantum Threat

Algorand is accelerating its push toward becoming one of the world's first fully quantum-resistant blockchains, announcing…

1 week ago

CLARITY Act Gains Momentum as Senate Prepares for Critical Post-Recess Vote

The long-awaited Digital Asset Market CLARITY Act is moving closer to becoming law as momentum continues building…

1 week ago