Just In: SEC Delays Decision on Invesco Galaxy Ethereum ETF to July

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.