The U.S. Securities and Exchange Commission (SEC) has pushed back its decision on whether to allow staking within the proposed Invesco Galaxy Spot Ethereum ETF.
The regulator announced the delay in a July 30 filing, citing the need for further review.
The proposal, submitted by Cboe BZX Exchange on June 9 and later amended on June 23, seeks to introduce staking functionality into the ETF structure. The updated application was published in the Federal Register on June 27.
Originally, the SEC faced an August 11 deadline to respond. That decision has now been postponed to September 25, giving the agency more time to evaluate potential investor and market implications.
The Commission emphasized that staking introduces new elements to fund structures and requires careful analysis to ensure alignment with existing investor protections and regulatory standards.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.