The SEC has again delayed its decision on whether to approve a joint Ethereum spot ETF proposed by Invesco and Galaxy Digital. 😮 This is the second postponement after a similar delay in December. On Tuesday, the SEC said in a statement that it was "putting procedures in place" by postponing its decision process on the proposed ETF. The regulator also extended deadlines for other spot ETF offerings on Ethereum, including one from Grayscale Investments. 📈

Market analysts remain uncertain about the timing of the approval of spot ETFs on Ethereum. Some analysts suggest approval could come as soon as May 23, while others expect delays to continue in the coming months. An important date remains May 23, the deadline for VanEck's proposal to be approved.