The U.S. Securities and Exchange Commission has issued a filing to postpone the decision on the Invesco Galaxy spot Ethereum ETF proposal, extending the approval or disapproval period by 60 days. The SEC has also delayed previous decisions on spot Ethereum ETF proposals from Franklin Templeton and Grayscale.

According to Reuters, the SEC is expected to reject Ethereum ETFs proposed by VanEck and ARK later this month, as industry experts suggest. The denial of these ETFs was forecasted due to low engagement levels, unlike the situation before Bitcoin ETF approval.

Industry analysts anticipate that spot Ethereum ETFs could face rejection due to technical reasons, with the SEC potentially requesting more data before approval. Despite an ongoing legal dispute between the SEC and Consensys, a key Ethereum supporter, BlackRock CEO Larry Fink remains optimistic about the possibility of launching a spot Ethereum ETF, even if the cryptocurrency is reclassified as an unregistered security.

While it took the SEC over ten years to approve spot Bitcoin ETFs, the regulator appears hesitant to greenlight Ethereum ETFs at this time.