SEC delays decision on Invesco Galaxy Spot Ethereum ETF. In an announcement, the SEC said the next deadline is July 5, 2024, by which the commission will either approve or disapprove the Ethereum ETF.

The US Securities and Exchange Commission has postponed its decision on the proposed Invesco Galaxy Spot Ethereum ETF, extending the deadline to July 5, 2024. This is the second formal delay for this product: the SEC first pushed back its review in February 2024 to allow for a public comment period, and on May 6, 2024 it issued another extension notice. The ETF would list on Cboe BZX and provide US investors with regulated exposure to the spot price of ether (ETH), the native asset of the Ethereum network. The delay comes amid a broader regulatory review of multiple spot Ethereum ETF applications, including those from Franklin Templeton, VanEck, BlackRock, Fidelity, and others, which have all faced similar extensions as the SEC examines issues such as market manipulation risks, surveillance-sharing arrangements, and investor protection. At the time of this particular delay, analysts had already become more pessimistic about approval odds in 2024, viewing the SEC’s posture as cautious despite the earlier approval of spot bitcoin ETFs. The Invesco Galaxy product is therefore part of a wider test of how and when US regulators will permit mainstream, exchange-traded access to Ethereum, a development that could influence institutional participation, market structure, and the regulatory treatment of other digital asset products.

✨ AI-generated background, compiled from web sources — not editorial content.

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