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SEC Pushes Verdict on Invesco Galaxy Spot ETH ETF to July

Published 05/07/2024, 02:07 PM
Updated 05/07/2024, 02:15 PM
SEC Pushes Verdict on Invesco Galaxy Spot ETH ETF to July
ETH/USD
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  • The SEC has delayed its decision on the proposed Invesco Galaxy Ethereum ETF.

  • The regulator will now take its decision on July 5, 2024.

  • Similar actions have been taken on applications from BlackRock, Fidelity, etc.

The U.S. Securities and Exchange Commission (SEC) has announced a delay in making a decision on the proposed Invesco Galaxy Ethereum exchange-traded fund (ETF), pushing the next deadline to July 5, 2024.

In a filing posted on Monday, the SEC stated that it requires more time to consider the proposed rule change and the associated issues. The agency emphasized the need for a longer period to thoroughly evaluate the ETF proposal.

“The Commission finds that it is appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein,” the SEC said.

This latest delay comes amid similar actions taken on applications from all eight prospective Ether ETF issuers, including major names like BlackRock, Fidelity, Franklin Templeton, Hashdex, a…

The post SEC Pushes Verdict on Invesco Galaxy Spot ETH ETF to July appeared first on Coin Edition.

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