SEC pushes back timeline for decision on the Invesco Galaxy Ethereum ETF
Quick Take The agency previously delayed a decision on what to do next for the Ethereum ETF in December.
The Securities and Exchange Commission has pushed back the timeline for a decision on whether to approve or disapprove the proposed Invesco Galaxy Ethereum ETF.
The agency previously delayed a decision on the fund in December and on Tuesday said it was "instituting proceedings."
"Institution of proceedings is appropriate at this time in view of the legal and policy issues raised by the proposed rule change" the SEC said in a filing .
The agency has pushed back deadlines for other spot Ethereum ETF proposals, including one from Grayscale Investments last month. On Tuesday, the agency asked similar questions it posed to Grayscale, including whether Ethereum's proof-of-stake mechanism and "concentration of control or influence by a few individuals or entities" could bring up unique concerns to make the fund susceptible to fraud and manipulation.
Comments are due for the Invesco Galaxy Ethereum ETF in 21 days, with a rebuttal period that lasts 35 days, the SEC said.
Spot Ethereum ETFs
It's been unclear if and when the agency will approve spot Ethereum ETFs. Investment Bank TD Cowen said one will likely be approved by late 2025 or early 2026, while others think the SEC could approve them by May 23.
Other analysts are skeptical that the agency will approve spot Ethereum ETFs any time soon.
SEC Chair Gary Gensler has said the agency's move last month to approve several spot bitcoin ETFs was just limited to just that cryptocurrency and "shouldn't be read to be anything other than that."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin wobbles after shocking US jobs revision: What’s next for BTC?
From Tenant to Broker: The Crypto Business in Trump Tower
Living below the seat of power, let the elevator of wealth go straight to your own office.

"Seizing Power" from the Federal Reserve: US Treasury Secretary Calls for Comprehensive Review of the Fed
Besant's opinion piece appears to indicate that the Trump administration's criticism of the Federal Reserve is escalating—not only demanding interest rate cuts, but also beginning to question the Fed's overall operational model and its foundation as an independent institution.
Breaking Down the Walled Garden: How Does Ondo Global Market Bring 100+ US Stocks On-Chain?
Make financial markets truly globalized, democratized, and programmable.

Trending news
MoreCrypto prices
More








