SEC Delays Decision on BlackRock's Spot Ethereum ETF Approval

According to Odaily, the U.S. Securities and Exchange Commission (SEC) has postponed its decision on approving BlackRock's spot Ethereum ETF, which involves a physical redemption method. This delay adds to the ongoing uncertainty surrounding the approval of cryptocurrency-based exchange-traded funds in the United States. The SEC's decision is closely watched by investors and industry stakeholders, as it could significantly impact the cryptocurrency market and its regulatory landscape.