SEC Pushes Ethereum ETF Decision to February 2024!

Author: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Dec 14, 2023 9:23

The Securities and Exchange Commission (SEC) has delayed its decision on the Invesco Galaxy Ethereum Spot ETF, pushing back the deadline to February 6, 2024. The ETF, filed by Invesco in September of this year, will be managed by Galaxy Digital Funds, with the latter serving as an execution agent to facilitate the purchase and sale of Ethereum. The move comes as cryptocurrencies continue to gain mainstream acceptance, with several ETFs already approved by the SEC for Bitcoin and other digital assets. The delay in approving the Ethereum ETF is not uncommon, as the SEC has been cautious in its approach to regulating cryptocurrencies.