The U.S. Securities and Exchange Commission is delaying making a decision on next steps for the Invesco Galaxy Ethereum exchange-traded fund.

In a filing posted on Monday, the agency set its next deadline to July 5, 2024 to approve or disapprove of the proposed spot ether ETF. 

"The Commission finds that it is appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein," the agency said. 

The SEC previously delayed making a move on the Invesco Galaxy Ethereum ETF and asked for public comment in February. The agency too has pushed back deadlines for other spot Ethereum ETF proposals including from Grayscale, Franklin …