The US Securities and Exchange Commission (SEC) has recently announced a delay in its decision on BlackRock’s request to launch an exchange-traded fund (ETF) for ether. The new date for the verdict is set for March 10, 2022.
SEC Chairman Gary Gensler clarified that the delay does not indicate any concerns over the spot Ethereum ETF. Rather, the commission requires additional time to thoroughly evaluate BlackRock’s application and comply with US legal requirements. Gensler’s explanation offered minimal details regarding the specifics of the consideration process.
Previously, SEC Commissioner Hester Peirce expressed optimism that companies would not need to resort to legal action to convince the regulator to approve Ethereum-based ETFs.