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WASHINGTON – The United States Securities and Exchange Commission (SEC) has decided to extend its review period for the Cboe BZX Exchange filing regarding Fidelity Ethereum Fund shares, postponing its verdict until March 5, 2024. The decision was made as the agency needs more time for a more complete evaluation under Section 19(b)(2) of the Securities Exchange Act of 1934. The initial deadline for the decision was originally scheduled for January 20, but has been postponed.
The extension of the SEC review period comes at a difficult phase for the cryptocurrency market. The regulator is yet to reach a conclusion on the proposal, with the initial deadline having passed without approval or disapproval.
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