The SEC has delayed its judgment on the Invesco Galaxy Ethereum ETF partly due to legal concerns and also because of policy problems. This is an analogous delay of Grayscale’s Ethereum ETF proposal last month.
The agency inquiry raised issues with the clear proof-of-stake procedure of Ethereum and likelihood to Purse fraud furthermore control unwaveringly.
Comments on the Invesco ETF are sought from investors and interested parties in 21 days with open response within a period of 35 days.
The timeline of approval for spot products is also unclear — analysts predict mid-May 2014 to early 2026. Chair of the SEC Gensler played down recent approvals for a Bitcoin ETF, implying they may not be open doors leading to Ethereum ETFS.
