The U.S. Securities and Exchange Commission has delayed a decision on BlackRock's spot Ethereum exchange-traded fund application. BlackRock, the world's biggest fund manager, applied in November for a spot Ethereum (ETH) exchange-traded fund (ETF). Other high-profile firms such Ark Invest, Fidelity, and Grayscale want to introduce their own ETH ETF. ETH ETF hype comes after the SEC's approval of spot BTC ETFs after a decade of denying the products. Senior Bloomberg Intelligence analyst Eric Balchunas has said he is 70% confident that a spot ETH ETF will be approved by May.

Source: The Nation January 25, 2024 10:00 UTC