The U.S. Securities and Exchange Commission (SEC) has postponed the decision on BlackRock's subsidiary iShares Ethereum ETF option application.
Projections and Expectations
The SEC postponed the decision on BlackRock's Ethereum ETF option till April. Although the reasons for the delay are unclear, Bloomberg analyst Eric Balchunas suggests the ETF will likely be approved after Paul Atkins' confirmation.
Public Discussion
The SEC has opened a public comment period for a similar Ethereum ETF by the Cboe BZX Exchange, a subsidiary of Fidelity. This period will last 21 days, including input from industry officials and traders.
Awaiting Approval
While the SEC needs time for Ether ETF options, iShares plans to push forward its initiative. The exact timeline for the decision remains unclear.
Although the decision-making process for Ethereum ETFs is delayed, discussions and reviews of applications are expected to lead to eventual SEC approval later this year.
