SEC delays decision on BlackRock's spot Ethereum ETF application; final deadline May 23.

The US Securities and Exchange Commission (SEC) has delayed its decision on BlackRock's application for a spot Ethereum exchange-traded fund (ETF). This follows an initial postponement in January, and the SEC has the authority to delay its decision up to three times. The final deadline is set for May 23, with Ether's price remaining buoyant despite the delays, experiencing a 56.7% surge in the past month.

March 04, 2024
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