SEC Delays Ethereum ETF Approvals, Requests Public Input

• The SEC has delayed deciding on the Ethereum ETF applications by BlackRock and Fidelity.
• The commission asked commenters to explain if they agreed with the applicants.
• Bloomberg’s James Seyffart thinks the SEC will keep delaying the approval until the deadline is close.

Last Monday, the U.S. Securities and Exchange Commission (SEC) delayed deciding on the Ethereum ETF applications by BlackRock and Fidelity. Instead, the commission launched a comments period for both applications, aiming for feedback from the public on the subject.

According to reports, the SEC has asked commenters to provide opinions, explaining if they agree with BlackRock, Fidelity, Cboe, and Nasdaq’s stances. Those companies believe the arguments made for the recently approved Bitcoin ETFs can apply to Ethereum ETFs. The SEC has also requested feedback on whether spot Ether ETFs might be susceptible to manipulation and how they compare with other existing futures Ether exchange-traded products.

Based on historical patterns, the SEC’s delay in deciding on the Ethereum ETF proposals did not surprise crypto community members. Many expect the delays to continue for the coming weeks le…

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