๐จSEC delays decision on Invesco ETH ETF๐จ
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The US Securities and Exchange Commission is delaying its decision on the 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.
2. Bitcoin investors back to HODLing
BTC's sell pressure has waned compared to two months ago, with more long-term investors holding onto their BTC. BTC's 200-day moving average is at an all-time high of $50,178, a key technical indicator for predicting long-term price trends. The technicals coupled with HODLing suggest a bullish long-term outlook for BTC.