SEC Delays Decision on BlackRock's Ether ETF Application
Application Extended Beyond Deadline
Following the initial filing, the SEC has granted BlackRock an extension to provide additional information. The new deadline is now June 16, 2023, allowing the commission more time to review the application and determine whether it meets regulatory standards.
Continuing Review Process
The SEC's decision to delay its decision underscores the agency's ongoing scrutiny of cryptocurrency-related investment products. The commission is seeking to ensure that these products comply with applicable securities laws and provide adequate investor protection.
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