The U.S. Securities and Exchange Commission (SEC) has once again extended the review period for a crucial decision impacting the cryptocurrency market. This time, the delay concerns Nasdaq's proposal to allow spot redemption of BlackRock's Ethereum (ETHA) spot Exchange Traded Fund (ETF). Crypto Briefing initially reported on this extension. This delay adds to the ongoing uncertainty surrounding the approval of spot ETH ETFs in the United States. While several firms have filed applications, the SEC has yet to give the green light to any, citing concerns about market manipulation and investor protection. The spot redemption mechanism, which allows investors to redeem ETF shares for actual ETH rather than cash, is considered a key feature by many in the crypto community. Its approval would be a significant step forward for ETH ETFs. The SEC's extended review period suggests further scrutiny of this mechanism and its potential impact on the broader ETH market. The decision remains highly anticipated. ```

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