SEC postpones Ethereum ETF decision until February 2024!

author: Mustafa Mullah

Mustafa has been writing about blockchain and cryptocurrencies for several years. He has previous trading experience and has been working in the fintech industry since 2017.

December 14, 2023 9:23

The Securities and Exchange Commission (SEC) has postponed its decision on the Invesco Galaxy Ethereum Spot ETF, pushing the deadline to February 6, 2024. The ETF submitted by Invesco in September this year will be managed by Galaxy Digital Funds. The latter acts as an execution agent, facilitating the buying and selling 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. It is not uncommon for Ethereum ETF approval to be delayed, as the SEC has been cautious in its approach to cryptocurrency regulation.