BlackRock’s Proposed Spot Ether ETF Decision Delayed by SEC
The Securities and Exchange Commission (SEC) of the United States has announced a delay in their decision on BlackRock’s proposed spot Ether (ETH) exchange-traded fund (ETF). This decision was made a day before the original deadline, with the SEC citing the need for more time to review the proposed rule change.
The SEC’s Assistant Secretary Sherry R. Haywood explained in a filing on January 24th that they have designated a longer period to take action on the proposed rule change. This first deadline, which was originally set for January 25th, is part of a 240-day period in which the SEC can make delays. This delay comes almost 45 days after Nasdaq filed for an iShares Ethereum Trust on behalf of BlackRock on December 11th.
Although the final decision on BlackRock’s spot Ether ETF is not due until August 7th, Bloomberg ETF analyst Eric Balchunas predicts that a decision will be made on all pending spot Ether ETFs in May. This is similar to how the SEC made a decision on ten pending spot Bitcoin ETFs on January 10th.
Web 3.0: The Future of Making Money and Industry Applications
The final decision on VanEck and Ark 21Shares’ Ether ETF applications is approaching, with a deadline of May 23 and May 24 respectively. Meanwhile, Grayscale Investments, Invesco Galaxy, and Fidelity Investments have deadlines of June 18, July 5, and August 3.
According to Bloomberg ETF analysts, the next significant date to watch is May 23, with potential sporadic delays for spot Ether ETFs in the coming months. However, there is still a 70% chance of approval by May, according to analyst Balchunas.
One of the SEC’s Commissioners, Hester “Crypto Mom” Peirce, has reassured applicants that a legal battle will not be necessary to convince the SEC to approve spot Ether ETFs.
As the launch date for Web 3.0 approaches, many are wondering what this new era of the internet will bring. With its focus on decentralization and blockchain technology, Web 3.0 has the potential to revolutionize industries such as music and finance. Let’s explore the tools and applications of Web 3.0 and how it will impact the way we make money.
The future of the internet, also known as web 3.0, has sparked interest among many people wondering how to profit from it. But what exactly is web 3.0? It is the next generation of the internet, where data is no longer controlled by a central authority, but rather distributed among users. This has major implications for industries like music, as well as for web 3.0 tools and their purpose.
While the launch date for web 3.0 is still uncertain, some experts believe it has already begun with the rise of blockchain technology. This decentralized system has potential applications in various industries, but it remains to be seen how it will be monetized. Some examples of potential web 3.0 applications include a new way to make money through the internet.
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