The US Securities and Exchange Commission (SEC) has postponed the application filed by Invesco and Galaxy for a spot Ethereum ETF.
Another postponement decision came from the SEC for a spot Ethereum exchange traded fund (ETF) application. by the institution 6 February In the statement made on Wednesday, cryptocurrency focused investment companies invesco And galaxy Decision on spot Ethereum ETF co-offered by to a later date postponed.
The reason for this postponement decision was to investigate the details of the file. more time is needed Stating that the SEC took a stance consistent with its other postponements.
SEC comments on Invesco Galaxy Ethereum ETF in 21 days what needs to be done and An objection period lasting 35 days He stated that it was.
About subject in the statement Bloomberg senior ETF analyst James Seyffart said that this postponement decision from the SEC 100% met their expectations while emphasizing again May 23 pointed out the date:
The SEC recently delayed Invesco and Galaxy’s request for a spot Ethereum ETF. This was definitely something I expected. We will see more delays in the coming period. The only critical date for now is May 23.