On the 7th of 2024, with just three days remaining until the verdict on Ethereum's ETF approval, a sense of anticipation fills the air. The process echoes the earlier scenario with Bitcoin's ETF approval, where the timeline kept shifting. The U.S. Securities and Exchange Commission (SEC) has opted to delay its decision on Invesco Galaxy's spot Ether ETF application, extending the deadline to July 5. This delay mirrors the pattern seen with all eight prospective Ether ETF issuers, including notable names like BlackRock, Fidelity, Franklin Templeton, Hashdex, and Ark 21Shares. The decision for one company hints at a similar outcome for the others, aligning with analyst expectations.

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