Ethereum Spot ETF Approval Delayed: SEC Postpones Verdict on Invesco’s Proposal
Summary
The SEC has delayed its decision on Invesco Galaxy's Ethereum Spot ETF, citing the need for more time to analyze concerns. The agency has granted an additional 60 days, with a final decision expected by July 5, 2024. This delay follows a similar postponement for Blackrock's proposed Spot Ethereum ETF. Pessimism from top figures in the crypto space surrounds the approval of Ethereum Spot ETFs, with the likelihood of acceptance currently at 12%, a significant decline from January's 76% odds following the approval of Bitcoin spot ETFs.
