SEC delays BlackRock ether ETF proposal again
The delay was expected, putting a May decision on potential ETH ETFs in focus
The Securities and Exchange Commission delayed a decision on BlackRock’s ether ETF proposal on Monday.
The move was largely expected. Analysts, like Bloomberg ETF analyst James Seyffart, believe that a decision to either green light or postpone the launch of the spot ether ETFs won’t come until May — at the earliest.
BlackRock’s proposed ETF was previously delayed back in January after the SEC gave a slew of bitcoin ETFs the green light.
Read more: Ethereum spot ETFs are next
At the time, Seyffart posted on X that he was carefully watching May 23 as the “next date that matters.”
He told Blockworks in January that he put the odds of approval at around 60% by May. May is important because it marks the 240-day window for the SEC to decide on the proposals from VanEck and Ark 21Shares .
“So if the SEC wants to get geared up and ready to go and wants everyone to go at the same time, they’ll likely do it on May 23 unless they can figure out some way to deny or delay this whole process and do what they want,” he said at the time.
Prior to the January BlackRock delay, the SEC also delayed a decision on Fidelity’s proposed ETF.
Since the initial delays, other spot ETH ETF hopefuls have amended their proposals to add certain language, including staking.
Ark 21Shares amended its S-1 for the proposed fund last month, adding language about staking in brackets. Van Buren Capital general partner Scott Johnsson noted at the time that the approach meant the issuer wanted to add the section, but hadn’t yet held conversations with the regulatory agency.
February also saw a new addition to the ETH ETF hopefuls, with Franklin Templeton throwing its hat in the ring . It, notably, also included language about staking though it didn’t put it in brackets like Ark 21Shares.
Don’t miss the next big story – join our free daily newsletter .
- BlackRock
- ETFs
- ether ETFs
- SEC
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Wall Street sets a positive tone for the long-term prospects of AI; the Fed's interest rate path for October remains uncertain! Cooling US Treasury yields open a window for tech sector rebound?
Waller’s series of speeches at the IMF reinforced the view that cutting-edge AI technology will fundamentally reshape the economy in the long term, but he did not commit to a pause in rate hikes in October. For global semiconductor stocks, which have recently experienced heavy sell-offs and entered a correction phase, the positive aspect is that he did not further intensify short-term rate hike expectations.
Tesla's sports car can really fly!
Tesla's second-generation Roadster was unveiled at the SpaceX test site, marking a significant debut nine years after pre-orders first began in 2017. Mass production is scheduled for 2028. The new vehicle features a fan suction system and compressed air thrusters, enabling genuine "flight." Elon Musk confirmed that this will be Tesla's last model to support manual driving. Analysts predict that sales of 7,000 units in the first year could generate nearly $2 billion in revenue, with extremely high profit margins being its core commercial value.
Earnings season is here! Citadel Securities: The next few weeks will be the real stress test for U.S. stock fundamentals
The US stock market enters Q3 earnings season, with market expectations for S&P 500 earnings per share to grow 27% year-over-year, marking the third highest threshold ahead of earnings seasons since 2010. However, the growth is highly concentrated—Micron and Nvidia alone contribute 36% of expected gains. Retail investors’ weekly net buying surged to $9.1 billion, with semiconductor purchases reaching a historic peak. Citadel Securities warns that index volatility has fallen to its calmest range in nearly 30 years, while individual stock risks are quietly rising, making stock picking preferable to simply increasing index allocations.
Dangerous signal? CoreWeave founders cash out $3.3 billion after IPO
The founder's sell-off objectively avoided a 60% drop in share price, and some have already liquidated nearly 40% of their wealth. Behind this stark contrast, the company is burdened with a massive $52 billion debt, with a five-year default probability exceeding 60%. The current debt stands at $52 billion, and the cumulative negative free cash flow for 2026-2028 is projected to reach $71 billion. Its model of "borrowing at 9% interest to earn a 1% return" has been harshly criticized as the "subprime crisis" of the AI industry. The high-leverage computing power financing game is now facing the market's ultimate test.
Crypto prices
More
