US SEC Delays Decision on Invesco Galaxy Ethereum Spot ETF Application

The U.S. SEC postpones its decision on the Invesco Galaxy Ethereum spot ETF application. The SEC set the next deadline for approving or disapproving the proposed spot Ethereum ETF as July 5. The SEC said: "The Commission believes it is necessary to specify a longer period for issuing an order approving or disapproving the proposed rule change to allow sufficient time to consider the proposed rule change and the issues raised therein." In the past few weeks, the SEC has postponed decisions on other Ethereum spot ETF applications, including Grayscale, Franklin Templeton, VanEck and BlackRock. (The Block)