US SEC further delays decision on BlackRock's spot ethereum ETF
Reuters
Published Mar 04, 2024 06:56PM ET
(Reuters) - U.S. Securities and Exchange Commission (SEC) further delayed its decision on an application by asset manager BlackRock (NYSE:BLK) for its spot ethereum exchange-traded fund, according to a regulatory filing on Monday.
BlackRock in November last year filed its application for its iShares Ethereum Trust, which will be listed on the Nasdaq if approved.
Ether is the second-biggest cryptocurrency by market capitalization.
The SEC in January delayed its decision on BlackRock's application after it gave the green light to several bitcoin ETFs.
A spot crypto ETF tracks the market price of the underlying digital asset, giving investors exposure to the token without having to buy the currency.
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Written By: Reuters
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