Future Tech
US SEC further delays decision on BlackRock's spot ethereum ETF
- U.S. Securities and Exchange Commission (SEC) further delayed its decision on an application by asset manager BlackRock 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.
- Reuters
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