Ethereum Price Slumps as SEC Delays Invesco Galaxy ETF Verdict

The Invesco Galaxy Ethereum exchange-traded fund (ETF) is facing yet another setback as the US Securities and Exchange Commission (SEC) has revealed a prolongation in its decision-making process. In a recent submission, the SEC has postponed the deadline for its verdict on the proposed ETF to July 5, 2024, explaining that it requires extra time to meticulously assess the proposal and address the related concerns.