The Invesco Galaxy Ethereum exchange-traded fund (ETF) is facing yet another setback as the US Securities and Exchange Commission (SEC) has declared a further postponement in its decision-making process. The SEC has announced that it will now take until July 5, 2024, to reach a verdict on the proposed ETF. This extension comes as a result of the SEC’s desire to carefully assess the proposal and address any concerns that may arise.
Invesco Galaxy ETF Decision Delay Causes Ethereum Price Decline
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