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

Elon Musk’s xAI Sues Minnesota Over First U.S. AI Nudification Law

Elon Musk's artificial intelligence company xAI has filed a federal lawsuit challenging Minnesota's landmark law banning AI-powered "nudification" technology, arguing…

6 days ago

Bitcoin Nears $65,000 as Treasury Yields Outperform Carry Trade in Rare Market Signal

Bitcoin climbed toward $65,000 as an unusual shift in traditional financial markets created one of the rarest conditions…

6 days ago

Hyperscale Data Sells 100 Bitcoin to Fund Michigan AI Campus as GPUS Stock Surges

Hyperscale Data has sold 100 Bitcoin to accelerate development of its planned artificial intelligence campus in Michigan, sending shares…

7 days ago

PIPEDOG Explodes 140x on Robinhood Chain as Memecoin Frenzy Intensifies

A newly launched memecoin called PIPEDOG ($PIPEDOG) became the latest breakout token on Robinhood Chain, surging more than 140x within…

1 week ago

BNY Brings $8.6 Trillion Fund Business On-Chain in Major Wall Street Blockchain Expansion

BNY, the world's largest custodian bank, is bringing one of its core financial businesses onto…

1 week ago

Senators Strengthen Crypto Ethics Rules in CLARITY Act After Trump Negotiations

A bipartisan group of U.S. senators has reportedly reached a new compromise on the ethics provisions of…

1 week ago