- SEC extends review of BlackRock’s spot Ethereum ETF options until April 2025.
- Grayscale’s Solana ETF proposal progresses with an open public comment period.
- Cboe files 19b-4 for spot XRP ETFs, SEC decision within 240 days.
The U.S. Securities and Exchange Commission (SEC) has decided to extend its review of several key cryptocurrency exchange-traded fund (ETF) proposals. In line with this, the SEC has requested more time to evaluate BlackRock’s spot Ethereum ETF options, delaying its decision on a potential approval.
As part of its decision, the SEC has set a new deadline for April 9, 2025, to decide on whether to approve options trading for BlackRock’s iShares Ethereum Trust. The agency said, “The Commission finds it appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein.”
SEC Reviews ETF Proposals and Sets Deadline
On the same day, the SEC also invited public comments on a proposal to list and trade options for Fidelity’s spot Ethereum ETF. This follows a request from Nasdaq ISE,…
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