The US Securities and Exchange Commission (SEC) has postponed its decision on the Invesco Galaxy Ethereum ETF until July 2024, showing increased scrutiny towards cryptocurrency products. This delay is in line with previous postponements of spot Ethereum ETF applications by major financial institutions. Analysts predict that the SEC's cautious approach towards crypto ETFs will persist in the short term.

SEC Postpones Decision on Invesco Ethereum ETF

The SEC has pushed back the deadline for deciding on the Invesco Galaxy Ethereum ETF, now set for July 5, 2024. This additional time allows for thorough investigations and addressing any potential concerns. This trend of delaying decisions on spot Ethereum ETFs from top financial companies continues.

Increased Regulatory Attention

In its recent filing, the SEC mentioned the necessity for further analysis of the rule change proposal for the Invesco Galaxy Ethereum ETF. The SEC is committed to ensuring a comprehensive review of all aspects involved in the approval process. These delays come amidst a series of similar actions affecting various other firms in the industry.