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International Business Times
International Business Times
Business
Nica Osorio

SEC Is 'Hard No' On Ethereum ETF; Issuers Hold Out For A Positive Turn

SEC ETF Ethereum Bitcoin James Seyffart Fidelity Fidelity Investments

KEY POINTS

  • The SEC delayed its decision on spot Ethereum ETF application of Fidelity Investments
  • The SEC's decision is "completely expected" but the dates to watch out for are in "late May"
  • As of 6:30 a.m. ET on Thursday, Ethereum was trading in the red zone at $2,235.22

Following the landmark approval of the U.S. Securities and Exchange Commission (SEC) on the spot Bitcoin exchange-traded funds (ETFs), the agency reportedly has a "hard no" stance on Ethereum ETF. But, issuers hold on to hope for a turnaround.

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