SEC delays decision on Fidelity’s spot Ethereum ETF options

The American Commission for Securities and Exchange has delayed its decision on the advisability of approving or rejecting the CBOE Exchange request aimed at listing the Fund options translated by Ethereum de Fidelity Investments.

According to a regulatory deposit On February 28, the SEC said that she was pushing her decision on Ethereum (Ethn) Product forward.

Under the American federal law, the agency has up to 60 additional days to make a final verdict if a decision is not made in the 180 -day initial exam period. Consequently, CBOE will have to wait longer before whether it has received the green light to list the options of options on the Ethereum fund in Fidelity, Ticker Feth.

In its ad, the SEC said that it extended the exam period to allow “enough time to consider the change of rule proposed”.

CBOE first requested regulatory approval to list the ETHE options on August 19, 2024. For weeks later, on September 4, 2024, the SEC published the change of rule proposed in the Federal Register, opening it for public comments.

When is the final decision of the dry?

As indicated, the federal law grants the dry up to 180 days after the initial deposit of a change of rule proposed to make a decision. If no decision is made within this period, the agency has 60 additional days, but not more, before it must approve or reject the request.

For this proposal, the calendar indicates that March 3 would have marked the deadline of 180 days, while on May 2, 2025, will mark the complete examination period of 240 days. This means that the SEC now has until May 2, 2025 to make its final decision.

If the regulator will wait until then remains uncertain. However, given the recent evolution of the dry towards a more favorable position, the feeling of the market is optimistic.

As the rules of the SEC on the CBOE application, he has already made a final decision on another proposal for ETF ETF options.

This concerns the deadline of April 2025 for the options on Ishares Ethereum Trust of BlackRock. Nasdaq isse made a request To list and exchange contracts linked to Etha in July 2024.

In a February 7, 2025 depositThe dry designated on April 9, 2025 as the deadline for a final decision.