SEC Postpones Decision on Ethereum ETF: Impact on ETH’s Market Dynamics

• The U.S. Securities and Exchange Commission (SEC) has postponed its decision on the Invesco Galaxy spot Ethereum ETF proposal.
• The SEC has extended the decision-making period by an additional 60 days, following similar actions taken on spot Ethereum ETF proposals by Franklin Templeton and Grayscale.
• Despite these delays, BlackRock CEO Larry Fink remains optimistic about the possibility of launching a spot Ethereum ETF.

The SEC extends its decision-making period on the Invesco Galaxy spot Ethereum ETF proposal, amidst speculation that it may deny similar proposals from VanEck and ARK.