The U.S. Securities and Exchange Commission (SEC) has postponed its decision on iShares Ethereum ETF applications until April 2025, allowing more time for evaluation.
SEC Decision Delay
The recent SEC decision to delay action on iShares Ethereum ETF applications until April 9, 2025, is due to the need for a more in-depth review of the proposed rule changes and related issues.
Reviewing Ethereum ETF Applications
Multiple entities, including Nasdaq and Cboe BZX, have submitted Ethereum ETF option proposals. The SEC has opened a 21-day public comment period for the Cboe BZX application, allowing market participants to provide feedback before the final decision.
Experts Weigh In on Approval Possibility
Bloomberg ETF analyst Eric Balchunas speculated on the potential approval of Ethereum ETF Options. However, the SEC has not disclosed the influencing factors in its decision-making process.
While the final decision on iShares Ethereum ETF is postponed, the market continues to monitor the situation closely, particularly due to continued interest from institutional investors in cryptocurrency products.
