The U.S. Securities and Exchange Commission (SEC) has again announced that its decision-making process for the Invesco Galaxy Ethereum ETF will be further delayed. The SEC is now planning to issue its decisions by July 5, 2024. Such an extension allows the regulatory body to make the required investigations in detail and adequately solve the questioned areas. This move, however, is a continuation of the recent pattern of postponement of the decision-making on spot Ethereum ETF applications from leading financial companies.
SEC Extends Review of Invesco Ethereum ETF
The latest filing by the SEC stated the necessity of more time to analyze the rule change proposal by the Invesco Galaxy Ethereum ETF properly. The SEC is thus attempting to ensure a thorough review of the many intricacies involved in the offered approval. This action is taken against the background of a series of delays that have been bothering many other companies that seek similar approvals, like Grayscale and BlackRock.
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