The US SEC has delayed its decision on the iShares Ethereum Trust spot ETF until March 10, 2024. The ETF, proposed by Nasdaq on November 21, 2023, is intended to track the price movements of Ethereum, a popular crypto.
Originally, the SEC had a 45-day review period for the ETF proposal, ending on January 25, 2024. However, the regulatory body chose to extend this period, indicating a need for more time to thoroughly examine the complexities surrounding the Ethereum ETF.
The proposed rule change has been open for public comment since December 11, 2023, but no comments have been received so far.
This extended review period is consistent with the SEC’s cautious approach to crypto-related financial products, reflecting a prudent stance in a rapidly changing regulatory environment.
BlackRock, a leading investment management company, is pioneering the integration of digital assets into traditional portfolios.
While BlackRock is actively seeking opportunities in the crypto space, the SEC’s deliberate review of the Ethereum ETF highlights regulatory concerns about the volatility and oversight of digital assets.
