The US Securities and Exchange Commission (SEC) has just put off until March the decision on BlackRock's proposal to launch a spot Ethereum exchange-traded fund.
According to the filing released yesterday:
"The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein."
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The regulator now has until March 10 to approve, reject or initiate additional proceedings on the merits.
The world's largest asset manager filed its application to launch a spot Ethereum ETF, called iShares Ethereum Trust, in November.
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The regulator also delayed Fidelity's ethereum ETF application last week.