Summary
SEC delays decision on BlackRock’s ether ETF proposal, expected until May. Other ETF hopefuls also making amendments to their proposals, including adding language about staking. May 23 is an important date to watch for potential approval.
Key Points
1. The Securities and Exchange Commission delayed a decision on BlackRock’s ether ETF proposal on Monday.
2. Analysts, like Bloomberg ETF analyst James Seyffart, believe that a decision to either green light or postpone the launch of the spot ether ETFs won’t come until May — at the earliest.
3. BlackRock’s proposed ETF was previously delayed back in January after the SEC gave a slew of bitcoin ETFs the green light.