SEC Delays Ethereum Spot ETF Decision Again, Extending Review to April 30

The U.S. Securities and Exchange Commission (SEC) has once again delayed its decision on several spot Ethereum ETF applications, pushing the deadline to April 30th according to filings released Tuesday evening. The agency cited the need for more time to review public comments on the proposed products.

Applicants including Fidelity, VanEck, and Franklin Templeton all face the extended timeline. The SEC's continued indecision sharply contrasts with its approval of spot Bitcoin ETFs in January, which triggered billions in institutional inflows.

ETH spot prices dropped approximately 3% in the hours following the announcement before partially recovering. Derivatives markets show elevated put option demand, suggesting traders are hedging for potential further downside.