The Securities and Exchange Commission has postponed making a decision on BlackRock’s proposed spot Ethereum ETF for the second time. The initial application for the iShares Ethereum Trust was submitted in November, but the SEC delayed their decision two months later, citing the need for more time to take action. A new deadline of March 10 has been cancelled, as stated in a filing on Monday. The SEC has also delayed its decision on various other Ethereum ETF applications from companies like Fidelity, Invesco, and Galaxy Digital. Bloomberg ETF analyst James Seyffart forecasted that delays would persist until May 23, the final deadline for applications from VanEck and Cathie Wood’s investment firm Ark Invest. The applications were submitted in September. In January 6, 2023, Fidelity, which was established in 2021, had their decisions postponed two weeks later. The demand for Ethereum ETFs is increasing as Bitcoin approaches a new record high, coming close to a highly anticipated milestone today by 6%. The surge in interest in Bitcoin is mainly due to the popularity of spot Bitcoin ETFs, which attracted $1.84 billion in investment in just a week. The potential for a similar situation to occur with Ethereum, which has recently reached its highest price in more than a year, is generating a significant amount of interest. The impending Dencun upgrade for the Ethereum network is also being viewed as a positive indicator. Ethereum futures-based ETFs have been accessible since October. Keep informed about cryptocurrency developments by receiving daily updates in your email inbox.