High Alert 🚨🚨SEC Delays Fidelity's Ethereum ETF Decision Until May
🚨 – Will May 2025 Be the Game-Changer?
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—Ethereum ETF Hopes Dim as SEC Delays Fidelity’s Application
The SEC has postponed its decision on Fidelity’s Ethereum spot ETF, pushing any potential approval to May 14, 2025. The delay highlights ongoing regulatory caution, affecting market sentiment as ETH trades at $1853, down 1% in the last 24 hours. Fidelity CEO Abigail Johnson reaffirmed the company's commitment to launching crypto products, despite the setback. Investors remain cautious, awaiting further regulatory developments.
🔥So, does this delay impact altseason? Not necessarily. Altseason, or a major rally in altcoins, typically follows a strong Bitcoin run. If Bitcoin continues its upward trend and institutional interest in crypto remains strong, Ethereum and other alts could still see massive gains. However, regulatory uncertainty could slow down ETH’s momentum in the short term.
💡For now, all eyes are on May 2025—will the SEC finally approve Ethereum spot ETFs, or will there be another delay? The crypto world waits. ⏳
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