SEC Delays Decision on BlackRock’s Spot Ethereum ETF

The US Securities and Exchange Commission has delayed its decision on BlackRock’s proposed spot Ether exchange-traded fund (ETF) by one day, explaining that it needs more time to review the proposed rule change.

This delay comes ahead of the Jan. 25 deadline and is the first of several that can be used over a 240-day period.

It comes after Nasdaq filed for an iShares Ethereum Trust (on BlackRock’s behalf) on Dec. 11.

While the final decision for BlackRock’s spot Ether ETF must be made by Aug. 7, Bloomberg ETF analyst Eric Balchunas predicts that all pending spot Ether ETFs will likely have a final decision in May, similar to the way the SEC decided on 10 pending spot Bitcoin ETFs on Jan. 10.

Other Ether ETF applicants, including VanEck, Ark 21Shares, Grayscale Investments, Invesco Galaxy, and Fidelity Investments, have final decision deadlines in May, June, July, and August, respectively.