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The U.S. Securities and Exchange Commission (SEC) has delayed its decision on the spot Ethereum ETF application filed by Invesco and Galaxy.
In a statement released on February 6th, the SEC announced that the decision on the spot Ethereum exchange-traded fund (ETF) application submitted jointly by Invesco and Galaxy has been postponed to a later date.
The SEC has delayed the decision on the spot Ethereum ETF application filed by Invesco and Galaxy, stating that the file needs further review. This decision is consistent with the SEC’s previous approach of postponing decisions.
SEC just delayed @InvescoUS & @galaxyhq's #Ethereum ETF. 100% expected and more delays will continue to happen in coming months.
The only date that matters for spot #ethereum ETFs at this time is May 23rd. Which is @vaneck_us's final deadline date pic.twitter.com/gkVZL2QuPK
— James Seyffart (@JSeyff) February 6, 2024
The U.S. Securities and Exchange Commission has announced that comments on the Ethereum ETF application filed by Invesco and Galaxy must be submitted within 21 days, followed by a 35-day objection period.