🚀Hey there, Bitcoin enthusiasts!🚀 The US Securities and Exchange Commission (SEC) is playing hard to get again, postponing its decision on the proposed Invesco Galaxy spot Ethereum exchange-traded fund (ETF) for the third time. 🕰️Tick tock, the clock is ticking, with the final decision now due by July 5. 📅

The SEC is taking its sweet time, announcing on May 6 that it needs another 60 days to mull over the Invesco Galaxy spot Ethereum ETF. This isn't the first time they've hit the snooze button - the agency first delayed the decision in December 2023 and extended it again in February 2024. 🤷‍♂️

The Invesco Galaxy Ethereum ETF proposal was first filed with the SEC on Oct. 20, 2023, and published in the Federal Register on Nov. 8, 2023. The SEC has a total of 240 days from publication to make a final decision, which, according to the latest announcement, is now set for July 5, 2024. 📜

But it's not just Invesco Galaxy in the waiting room - BlackRock, Fidelity, VanEck, and Grayscale are also twiddling their thumbs, with VanEck being the first to await the SEC's final decision on May 23, 2024. 🙇‍♂️

Meanwhile, the buzz around a possible approval of a spot Ethereum ETF seems to be fizzling out, with Bloomberg ETF analyst Eric Balchunas stating that the odds of the SEC approving such a product in May is 25%. 📉

So, Bitcoin fans, keep your eyes on the prize and stay tuned for more updates! 🎯📲