The Block8 minutes ago

Published on March 04, 2024 23:06 GMT+00:00edited on March 04, 2024 23:09 GMT+00:00

The Securities and Exchange Commission has delayed its decision timeline on BlackRock's proposal for a spot Ethereum exchange-traded fund, according to a Monday filing.

This marks the second time the SEC has pushed back its decision for BlackRock's iShares Ethereum Trust. The regulator also asked questions on Monday from the public on whether the ETF should be approved and asked specifically about whether Ethereum's proof of stake mechanism raised " unique concerns about ether’s susceptibility to fraud and manipulation." 

The SEC also delayed making a decision on Fidelity's spot Ethereum ETF, according to a filing Monday and solicited comments from the public. The agency asked similar questions as it did for BlackRock. 

Comments for both are due in the next 21 days and …