ETF analysts expect spot Ether ETF applications to be “sporadically” delayed until May, when the first of many final decision deadlines are due.
The United States securities regulator has pushed back its decision on BlackRock’s proposed spot Ether (ETH) exchange-traded fund (ETF) a day ahead of the deadline, citing the need for more time to review the proposed rule change.
“The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule change,” the Securities and Exchange Commission’s assistant secretary, Sherry Haywood, explained in a Jan. 24 filing.
The SEC made the delay one day ahead of the Jan. 25 deadline. It is the first of several delays the SEC can exercise across a 240-day period. This first deadline comes nearly 45 days after Nasdaq filed for an iShares Ethereum Trust (on BlackRock’s behalf) on Dec. 11.
