SEC Postpones Verdict on Invesco Galaxy Ethereum (ETH) ETF Until July: Crypto Market Awaits Outcome

• The U.S. Securities and Exchange Commission (SEC) has postponed its decision on the Invesco Galaxy spot Ethereum ETF to July 2024, highlighting increased scrutiny over cryptocurrency products.
• This move follows a pattern of delays in decision-making on spot Ethereum ETF applications from leading financial firms.
• Analysts suggest that the SEC’s cautious stance on crypto ETFs may continue in the near term.

The SEC has delayed its decision on the Invesco Galaxy Ethereum ETF, extending its scrutiny over cryptocurrency products. This development underscores the regulatory challenges facing crypto ETFs.

SEC Postpones Decision on Invesco Ethereum ETF

The SEC has announced a further delay in its decision-making process for the Invesco Galaxy Ethereum ETF, now planning to issue its decisions by July 5, 2024. This extension allows the regulatory body to conduct detailed investigations and add... Read the full article for FREE at COINOTAG!