Fidelity’s spot Ethereum ETF bid was delayed on the same day another five leveraged Bitcoin ETFs were filed for SEC approval.
The United States securities regulator has delayed its decision on asset manager Fidelity’s Ether (ETH) exchange-traded fund (ETF) bid, while another five leveraged Bitcoin (BTC) ETFs have just been filed with the regulator for approval.
The Securities and Exchange Commission said on Jan. 18 that it was extending its deliberation period by another 45 days “so that it has sufficient time to consider the proposed rule change and the issues raised.”
The SEC marked March 5 as the next date for a decision. Bloomberg ETF analyst James Seyffart said in a Jan. 18 X (Twitter) post he “completely expected” the delay.
