The US securities regulator, the SEC, has again pushed the date to decide on Invesco Galaxy’s spot Ethereum ETF application to July. This marks the third time the agency has delayed a decision on Invesco’s application, which was submitted in October 2023.
While Ether enthusiasts anticipated a positive outcome, the postponement has turned them less optimistic about a possible spot ETH ETF approval.
The SEC Sets A New Deadline For Invesco’s Spot ETH ETF Application
According to a May 6 filing, the US SEC has extended the deadline to decide on Invesco Galaxy’s spot ETH ETF application by 60 days. It has adopted July 5 as the new deadline. The watchdog said the extension would give it ample time to consider the proposed changes and issues raised within the application.
Notably, Invesco Galaxy filed its proposal for a spot in Ethereum ETF on October 20, 2023. The application was published in the Federal Register on…
