SEC delays decision on Fidelity’s spot Ethereum ETF options

The U.S. Securities and Exchange Commission has delayed its decision on whether to approve or reject Cboe Exchange’s application to list options on Fidelity Investments’ spot Ethereum exchange-traded fund.

According to a regulatory filing on Feb. 28, the SEC said it was pushing its decision on the Ethereum Ethereum
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Ethereum product forward.

Under U.S. federal law, the agency has up to 60 additional days to reach a final verdict if a decision is not made within the initial 180-day review period. As a result, Cboe will have to wait longer before knowing whether it has received the green light to list options contracts on Fidelity’s Ethereum Fund, ticker FETH.

In its announcement, the SEC stated it was extending the review period to allow “sufficient time to consider the proposed rule change.”

Cboe first filed for regulatory approval to list Ether ETF options on Aug. 19, 2024. Weeks later, on Sept. 4, 2024, the SEC published the proposed rule change in the Federal Register, opening it up for public comment