- The US SEC delayed making a decision on the BlackRock subsidiary iShares Ethereum ETF Options.
- SEC seeks public comments on a similar Ethereum ETF by Cboe BZX exchange, Fidelity.
The crypto ETF filings are increasing by the day by global organizations. While the SEC is moving forward with some filings, others are getting delayed for various reasons. It pushed the last date to make a decision on iShares Ethereum ETF Options to April 9 this year.
iShares is a financial services company that provides ETFs as a subsidiary under the BlackRock investment company. It is unclear whether the delay is genuinely for reviewing proposed rule change or there are other reasons behind it. But, the announcement stated,
“The Commission finds it appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein.”
Bloomberg Analyst Awaits Paul Atkins Confirmation
SEC punting on spot Ether ETF options. I wouldn't read too much into it, can't imagine they don't get approved eventually, likely waiting until Atkins is confirmed before moving on stuff. pic.twitter.com/7VJAx6tNLf
— Eric Balchunas (@EricBalchunas) February 7, 2025
Renowned Bloomberg ETF analyst Eric Balchunas shared comments on SEC delaying the BlackRock Ethereum ETF Options. He hinted that the SEC will eventually approve the ETF. However, Balchunas opines that the ETF is awaiting Paul Atkins pending confirmation.
However, the SEC seems like it needs time only for Ether ETF Options. Because it approved BlockRock’s spot Ethereum ETF along with other filings in May, last year. However, Nasdaq proposed a rule change to add iShares Ethereum Trust Options.
On the other hand, the same SEC opened a public comment period for Ethereum ETF Options filed by the Cboe BZX exchange. Cboe BZX Exchange is a subsidiary of Fidelity similar to how iShares is for BlackRock. This period will last for 21 days and the SEC will make a decision on the proposal, considering comments from the industry officials, traders, and others.
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