The United States Securities and Exchange Commission (SEC) has again delayed its decision on whether to approve or not a joint spot Ethereum exchange-traded fund (ETF) proposed by Invesco and Galaxy Digital. This marks the second postponement after a similar in December and aligns with the SEC’s recent trend of pushing back deadlines for Ethereum ETF proposals. Similar to its inquiry with Grayscale, the SEC raised questions regarding the proof-of-stake mechanism and the potential for concentration of control or influence.
Source: Wayne Jones, 2024-02-08; https://cryptopotato.com/sec-delays-decision-on-invesco-galaxy-spot-ethereum-etf-proposal/