Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ETHEREUM NEWS»The SEC postponed BlackRock’s spot Ethereum ETF. A decision is still due in May.
ETHEREUM NEWS

The SEC postponed BlackRock’s spot Ethereum ETF. A decision is still due in May.

By Crypto FlexsJanuary 25, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
The SEC postponed BlackRock’s spot Ethereum ETF.  A decision is still due in May.
Share
Facebook Twitter LinkedIn Pinterest Email

The U.S. Securities and Exchange Commission (SEC) extended the decision period for BlackRock’s planned spot Ethereum ETF to January 24.

The notice concerns a proposed rule change that would allow Nasdaq to list and trade shares of the BlackRock iShares Ethereum Trust.

Previously, the SEC had until January 25, 2024, to approve, deny or file proceedings to approve or deny BlackRock’s proposal. However, securities laws allow the agency to extend the decision period until March 10, 2024.

The SEC noted that Nasdaq initially filed a proposed rule change on November 21, 2023, and that the proposal was published in the Federal Register for comment on December 11, 2023. The publication date determines the deadlines outlined above.

The SEC added that it had not received any comments on BlackRock’s proposed spot Ethereum ETF. In contrast, BlackRock’s spot Bitcoin ETF proposal received about 15 comments within two months of its June 2023 submission.

The SEC is still expected to make a decision in May.

The BlackRock-related delay is not expected to impact the broader Ethereum ETF process. Bloomberg ETF analyst James Seyffart said today:

“Spot Ethereum ETF delays will continue to occur sporadically in the coming months. (The) next important date is May 23.”

May 23rd is relevant because the SEC must approve or reject VanEck’s spot Ethereum ETF by that date without the possibility of further delay. Securities regulators will likely decide on VanEck’s application at that time as well as other similar applications with different deadlines, including BlackRock’s.

The SEC similarly delayed proceedings against Fidelity’s spot Ethereum ETF this month. Again, this does not affect the May decision deadline.

A decision must be made by May 23, but it is unclear whether the SEC will approve the funds. FOX Business’ Eleanor Terrett reported internal resistance from the SEC and suggested some ETF issuers are optimistic.

According to current PolyMarket odds, there is a 54% chance of approval by May 31. Bloomberg ETF analyst Eric Balchunas puts the odds of approval at 70%.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Vulnerability or orbit again? BTC has a line at $ 115K

September 16, 2025

Bitmine ‘s ethereum Holdings 46,255 Eth Buy 2.1 million units

September 12, 2025

Bitcoin, Ethereum and Dogecoin dominate social buzz

September 8, 2025
Add A Comment

Comments are closed.

Recent Posts

The XRP market value surpasses Shopify, Verizon, and Citigroup. Whales sell 40m coins.

September 18, 2025

Green Hood Contracts Thanksgiving Summary -Ackee Blockchain

September 17, 2025

BetFury Is At SBC Summit Lisbon 2025: Affiliate Growth In Focus

September 17, 2025

FED Mining’s Cloud Mining Platform Is Helping Users Earn $8,800 Per Day, And XRP’s Growth Is Driving Market Enthusiasm.

September 17, 2025

Stablecoin Holdings Drop As Investors Pivot To SOL, XRP, And Altcoins

September 17, 2025

Flipster Partners With WLFI To Advance Global Stablecoin Adoption Through USD1 Integration

September 17, 2025

Zircuit Launches $495K Grants Program To Accelerate Web3 Super Apps

September 16, 2025

Kintsu Launches SHYPE On Hyperliquid

September 16, 2025

New Cryptocurrency Mutuum Finance (MUTM) Raises $15.8M As Phase 6 Reaches 40%

September 16, 2025

How XRP Enthusiasts Can Earn $15k/Day

September 16, 2025

Bringing 1R0R To R0AR Chain Unlocks New Incentives

September 16, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

The XRP market value surpasses Shopify, Verizon, and Citigroup. Whales sell 40m coins.

September 18, 2025

Green Hood Contracts Thanksgiving Summary -Ackee Blockchain

September 17, 2025

BetFury Is At SBC Summit Lisbon 2025: Affiliate Growth In Focus

September 17, 2025
Most Popular

Pepe (PEPE) price prediction emerges as a new challenger

May 12, 2024

Bitcoin whale aims to recoup $42,000 after BTC price plummets more than 3%.

December 15, 2023

Munchables Recovers $62.5 Million in User Funds After Exploit Linked to North Korean Hackers

March 31, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.