The world’s second-largest cryptocurrency Ethereum continues on its mega bull run with the ETH price skyrocketing all the way past $3,700. As of press time, ETH is trading 7% up at $3,713 with a market cap of $446 billion.
SEC Delays BlackRock Spot Ethereum ETF Proposal
On Monday, March 4, the U.S. Securities and Exchange Commission (SEC) announced a delay in its decision timeline regarding BlackRock’s proposal for a spot Ethereum ETF. This marks the second postponement of the SEC’s decision on BlackRock’s iShares Ethereum Trust.
Additionally, the SEC has sought public feedback on whether the ETF should be approved, particularly focusing on concerns related to Ethereum’s proof of stake mechanism and its susceptibility to fraud and manipulation.
Similarly, the SEC has deferred its decision on Fidelity’s spot Ethereum ETF. The agency has requested public comments on this matter, posing similar questions as those raised for BlackRock’s proposal. The public should submit thei
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