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The U.S. Securities and Exchange Commission (SEC) has indicated that it needs additional time to evaluate Fidelity Investments’ application for a spot Ethereum 
$2,215 ETF product. The SEC revealed plans to make a final decision by May 2, 2025. Public feedback has played a significant role in the assessments related to the application, highlighting the importance of community input in regulatory processes.
Fidelity’s Application Process
Fidelity Investments commenced this process on October 19, 2024, reflecting the firm’s efforts to diversify its product offerings in the ETF space. The SEC’s review will involve comprehensive scrutiny of the submissions and public responses, ensuring that all perspectives are taken into account before a final ruling is made.
Strong Potential in Cryptocurrency
As market interest and demand continue to rise, similar initiatives for ETH ($2,233.15) ETF options are gaining attenti…
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