The U.S. SEC (SEC Exchange Commission) announced that it will postpone its review of the proposed EthereumCrypto AssetsEther coin (ETH) Spot exchange-traded fund (ETF) submitted by fund issuance giant Fidelity.

PREVIOUSLY, THE SEC HAD SET JAN. 20 AS THE DEADLINE FOR ADJUDICATION ON THE REQUEST, AND NOW HAS EXTENDED THE DEADLINE TO MARCH 5, AS INDICATED IN THE REGULATOR'S FILING.
In December, the SEC also decided to postpone the filings of Hashdex, Grayscale, ARK 21 Shares and VanEck.
In this way, the regulator is now indicating that it is employing the same strategy as the SpotBitcoin ETF (BTC proposal). Specifically, it postponed the review of such products until the last date on which it had to make a ruling, that is, when it issued the letter of approval
The deadline for SEC to publish their SpotEthereum ETF positions is May 23. It has the potential to authorize them at the same time, so as not to favor the launch of one after the other like SpotBitcoin ETFs.
That said, it should be noted that although SEC has given the green light to 11 BitcoinSpot ETFs, this does not automatically guarantee that similar Ethereum-related products will be approved.
ETF analyst James Seyffart commented that the delay in the Fidelity fund's review was "entirely expected". "In my opinion, the really important date is the end of May," he stressed.