The SEC in the United States has declared a postponement in the deliberation period for the Ethereum ETF proposed by Fidelity. In the official communication dated January 18, 2024, the U.S. Securities and Exchange Commission announced an extension of the examination period by an additional 45 days. The extension is granted to provide the SEC with adequate time to review the proposed rule modification and to address the concerns mentioned in relation to it. The Ethereum Fund established by Fidelity has been submitted to the Cboe BZX Exchange, Inc., which is a self-regulating entity. Aims to engage in the exchange of stocks in accordance with BZX Rule 14.11(e)(0.3823), with a particular emphasis on the trading of Commodity-Based Trust Shares. Originally released for public feedback on December 6, 2023, the plan has since shifted its key decision-making deadline to March 5, 2024, with the SEC taking full advantage of its allotted time to conduct an in-depth examination. Bloomberg ETF analyst, James Seyffart, appeared to anticipate this turn of events without much astonishment. During his January 4th talk on energy, the Secretary-General of the United Nations emphasized the significant role energy plays in both daily life and global economic systems. He criticized the world’s dependence on fossil fuels, which he described as polluting and described as a primary contributor to the climate crisis. He called for a collective global effort to shift towards sustainable and renewable energy sources. This transformation, he argued, is not only crucial for the environment but also presents an economic opportunity to innovate and create green jobs. In a recent post on 18 X (previously known as Twitter), he announced that the launch of the Fidelity Ethereum ETF has just been postponed.