Ethereum

Galaxy

Bitcoin ETF

Bitcoin

James

<p class="is-style-lead">In anticipation of possible approval of its Bitcoin ETF by the U.S. regulator, Galaxy Digital and Invesco have jointly applied to create an Ethereum spot ETF.</p>
<p>Galaxy Digital Fund and Invesco have updated their joint application to create a spot ETF on Ethereum (<a href="https://crypto.news/price/ethereum/" data-type="link" data-id="https://crypto.news/price/ethereum/" rel="noopener noreferrer nofollow">ETH</a>). After VanEck, ARK Invest, Hashdex, and Grayscale, Galaxy and Invesco are the fifth to launch an Ethereum spot ETF in the US market.</p>
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   <p lang="en" dir="ltr">Actually this was originally filed on 9/29 and i never saw it. This is an amendment — either way here's the firms who have filed for spot ETH etfs <a href="https://t.co/4RKYrfY7P8" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/4RKYrfY7P8</a></p>— James Seyffart (@JSeyff) <a href="https://twitter.com/JSeyff/status/1714738455224201248?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 18, 2023</a>
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<p>Initially, sources reported the launch of an application for an Ethereum ETF. However, after this, analyst James Seyffart pointed out that the application for the ETF from Galaxy Digital and Invesco was originally submitted on Sept. 29. The latest updates were only about updating the application.</p>
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   <p lang="en" dir="ltr">UPDATE: <a href="https://twitter.com/InvescoUS?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@InvescoUS</a> &amp; <a href="https://twitter.com/galaxyhq?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@galaxyhq</a> just filed for a spot <a href="https://twitter.com/hashtag/ethereum?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#ethereum</a> ETF. This is the 5th currently active spot Ethereum ETF filing <a href="https://t.co/9DXO4K5i6v" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/9DXO4K5i6v</a></p>— James Seyffart (@JSeyff) <a href="https://twitter.com/JSeyff/status/1714736564805214375?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 18, 2023</a>
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<p>The change in application occurred because ETFs for Ethereum futures were recently launched in the United States.</p>
<p>Ethereum spot ETFs will have to wait for the preliminary launch of Bitcoin spot ETFs, pending scrutiny from the Securities and Exchange Commission.</p>
<p><a href="https://crypto.news/grayscale-deadline-set-for-midnight/" rel="noopener noreferrer nofollow">Grayscale Investments</a> legal counsel Craig Salm <a href="https://www.theblock.co/post/258206/grayscale-chief-legal-officer-says-spot-bitcoin-etf-is-a-matter-of-when-not-if" target="_blank" rel="noopener noreferrer nofollow">believes</a> that the emergence of a spot exchange-traded fund based on the first cryptocurrency is more “a matter of when not if.” Salm expressed optimism about the launch of the new product since the day before the US Securities and Exchange Commission decided not to appeal the court order to convert GBTC into a Bitcoin ETF.</p>
<p>Read more: <a href="https://crypto.news/sec-may-refuse-grayscales-bitcoin-etf-despite-court-win/" rel="noopener noreferrer nofollow"> SEC may refuse Grayscale’s Bitcoin ETF despite court win </a></p>

InvescoUS and Galaxy amended filing for Ethereum ETF

crypto.news

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