SEC Delays Ethereum Spot ETF Decision Until November, Impacting Market Sentiment

The Securities and Exchange Commission (SEC) has pushed back its decision on Fidelity’s proposed Ethereum spot ETF, with a new deadline set for November 13th. This delay creates uncertainty in the market, which will likely see a continued rise in ETH staking activity as investors wait for clarity on the regulatory landscape. Experts attribute this postponement to a thorough review of the ETF’s potential impact, including its integration of staking features. The SEC is also working with other agencies to establish a unified regulatory framework that would allow platforms to offer crypto assets like Ethereum without being restricted to one specific approach.