SEC Delays Ethereum ETF Decision on BlackRock and Bitwise

Key points:

• The U.S. Securities and Exchange Commission has postponed its decision on Nasdaq’s proposed rule change to approve the listing and trading options on BlackRock and Bitwise’s spot ether ETFs.
• Initially scheduled for this Thursday, the decision is now postponed to November 10.
• The SEC approved the listing and trading of options on BlackRock’s iShares Bitcoin Trust (IBIT) last week.

The SEC delays Ethereum ETF on Nasdaq’s rule change to Nov. 10, postponing the approval of options on BlackRock and Bitwise’s spot Ethereum ETFs.

SEC Delays Decision on Ethereum ETF Approval to November

SEC Delays Ethereum ETF on the Nasdaq-proposed rule change for listing and trading options on Ethereum ETFs from BlackRock and Bitwise from this Thursday to Nov. 10.

This represents a delay in the notice of NYSE’s proposal to list and trade options on Ethereum ETFs by Grayscale and Bitwise, the proposed rule changes will take just a bit more time to review, according to the statement of the SEC.

Read more: SEC Chair Gary Gensler Still Defends Positive View on Blockchain

Regulator Pushes Back Ethereum ETF Ruling Amid Market Uncertainty

It has delayed its decision on Ethereum ETF options from BlackRock, Bitwise, and Grayscale to Nov. 10. The delay gives the regulator more time to review proposals submitted by Nasdaq and NYSE.

The ruling this week comes after last week’s approval of Bitcoin ETF options was viewed as a huge win for the cryptocurrency market. Ethereum ETFs still face the tough road ahead concerning their approval by regulators.