SEC Delays Fidelity’s Spot Ethereum ETF, But This Deadline Is Crucial
Summary
The SEC has extended the review period for Fidelity's proposed Ethereum ETF by 45 days, with a new decision date set for March 5, 2024. Analysts have varying opinions on the likelihood of approval, with some expressing optimism due to factors such as the existence of ETH futures trading on the CME and the SEC's previous approval of ETH futures ETFs. However, others, including SEC Chairman Gary Gensler, have expressed more cautious views. ETH is currently trading at $2,470.
