The US Securities and Exchange Commission (SEC) has postponed its ruling on the Invesco Galaxy Ethereum ETF until 2024, extending the deadline from December 23.
The SEC’s delay notice, issued on December 13, indicates a prolonged period for evaluating the proposed rule change by the Cboe BZX Exchange. This change seeks approval to list and trade shares of the Invesco Galaxy Ethereum exchange-traded fund, as outlined in the Federal Register on November 8. The original 45-day review period was set to conclude on December 23, but the SEC has now moved the decision deadline to February 6, 2024.
This ETF is among several similar proposals under the SEC’s consideration. Despite the ongoing evaluation, the SEC has yet to greenlight any exchange-traded fund directly linked to major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). The SEC’s decision, initially due on December 23, has now been extended to February 6, 2024.
