SEC Extends Deadline for Invesco and Galaxy Ethereum ETF Decision

SEC Delays Decision on Spot Ethereum ETF Application

The U.S. Securities and Exchange Commission (SEC) has announced that it will be postponing its decision on the application for a spot Ethereum (ETH) exchange-traded fund (ETF) proposed by Invesco and Galaxy Digital. The SEC said that it would initiate proceedings to determine whether to approve or deny the proposed rule change that would allow the Cboe BZX Exchange to list and trade shares of the Invesco Galaxy Ethereum ETF. This decision deadline has been pushed back to 35 days after publication in the Federal Register, as the proposed investment vehicle will be open to public comment. This is not the first time that the SEC has delayed its decision on this particular application, as it was previously postponed in December 2023.