From Investing.com:

The U.S. Securities and Exchange Commission (SEC) has extended its review period for the Cboe BZX Exchange’s filing concerning Fidelity Fund shares, pushing the decision deadline to March 5, 2024. The agency cites the need for a more comprehensive evaluation as the reason for the delay, under Section 19(b)(2) of the Securities Exchange Act of 1934.

Amidst a challenging phase for the cryptocurrency market, the SEC has not yet reached a conclusion on the proposal. The initial deadline for the decision was January 20, but the regulator has deferred its verdict and has not yet approved or disapproved the proposal.

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