SEC Pushes Back Decision on BlackRock, Fidelitys Ether ETF Applications

Decision Expected in May

The Securities and Exchange Commission (SEC) has pushed back its decision on whether to approve spot Ether exchange-traded funds (ETFs) proposed by BlackRock and Fidelity.

Surge in Investor Interest

The SEC's move comes amid a broader surge in investor interest in Ethereum (ETH). The open interest in ETH futures recently reached an all-time high, indicating increasing demand from institutional investors.

The potential approval of Ether ETFs is expected to further boost demand for the cryptocurrency, which has surged over 20% in the past week alone.

Stay tuned for more updates as the SEC continues its review of the ETF applications.