SEC punts Galaxy spot Ethereum ETF decision to July
The Securities and Exchange Commission has delayed making a decision on Invesco Galaxy’s application for an Ether ETF, with the next deadline on July 5.
The United States Securities and Exchange Commission has delayed its decision on Galaxy Invesco’s application for a spot Ether (ETH) exchange-traded fund (ETF).
In a May 6 filing, the SEC gave itself another 60 days to make a call on the Galaxy’s ETF, with the next deadline set to July 5.
“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 wrote.
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Author: Tom Mitchelhill
