Ethereum

Galaxy

Spot

<table style="width: 100%; border-collapse:">
 <tbody>
  <tr>
   <td style="width: 100%; text-align: left;"><a href="https://en.coinotag.com/altcoin-exchange-1333421/" target="_blank" rel="noopener noreferrer nofollow"><strong><span style="color: #000000;">Before you reading, did you missed the PEPE?<span style="color: #e67e22;"> No worries, click here to 100x potential memes!</span></span></strong></a></td>
  </tr>
 </tbody>
</table>
<ul>
 <li>In September, Invesco joined the crypto ETF race and decided to launch the Invesco Galaxy Ethereum ETF in collaboration with Galaxy Digital Funds.</li>
 <li>In terms of delays, Invesco is not the only asset manager receiving such news from the SEC regarding its application.</li>
 <li>The SEC has sought public feedback on Fidelity’s proposed rule change for a similar product, and the asset manager is still awaiting a decision from the regulator.</li>
</ul>
<p><strong>In an unexpected turn of events, the SEC, deciding on Invesco and Galaxy Digital’s Ethereum ETF, extends the deadline for Ethereum ETFs.</strong></p>
<h2 id="strong-sec-delays-galaxy-s-ethereum-etf-strong"><strong>SEC Delays Galaxy’s Ethereum ETF</strong></h2>
<p><img loading="lazy" decoding="async" class="alignnone size-full wp-image-128182" src="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/SEC-1.webp?resize=696%2C392&amp;quality=70&amp;ssl=1" alt="SEC" width="696" height="392" srcset="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/SEC-1.webp?w=1280&amp;quality=70&amp;ssl=1 1280w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/SEC-1.webp?resize=300%2C169&amp;quality=70&amp;ssl=1 300w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/SEC-1.webp?resize=1024%2C576&amp;quality=70&amp;ssl=1 1024w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/SEC-1.webp?resize=768%2C432&amp;quality=70&amp;ssl=1 768w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/SEC-1.webp?resize=150%2C84&amp;quality=70&amp;ssl=1 150w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/SEC-1.webp?resize=696%2C392&amp;quality=70&amp;ssl=1 696w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/SEC-1.webp?resize=1068%2C601&amp;quality=70&amp;ssl=1 1068w" sizes="(max-width: 696px) 100vw, 696px" data-recalc-dims="1"></p>
<p>The decision on Invesco and Galaxy Digital’s Ethereum ETF was not expected until December 23, but in a new twist reported by Bloomberg ETF analyst James Seyffart, the SEC has delayed its decision on this application.</p>
<p>In September, Invesco joined the crypto ETF race and decided to launch the Invesco Galaxy Ethereum ETF in collaboration with Galaxy Digital Funds. This ETF was planned to directly hold Ethereum (ETH), making it different from several Ethereum futures ETFs that are about to start operating soon. In particular, Invesco and Galaxy had previously submitted a joint physically-backed Bitcoin ETF application before finally withdrawing it.</p>
<p>“We have decided not to follow the imminent short-term launch of a Bitcoin futures ETF; however, we will continue our efforts to offer investors a range of products exposing them to this transformative asset class by continuing to collaborate with Galaxy Digital, including a physically backed digital asset ETF,” Invesco explained. However, this is indeed a dynamic turn for the Ethereum spot ETF.</p>
<h2 id="strong-sec-delays-multiple-etf-applications-strong"><strong>SEC Delays Multiple ETF Applications</strong></h2>
<p>In terms of delays, Invesco is not the only asset manager receiving such news from the SEC regarding its application. A week ago, the SEC announced a 45-day extension to decide on the Grayscale Ethereum Trust’s application for a spot ETF. This meant that the expected decision, originally due by December 6, 2023, was no longer valid, and the new deadline had been moved to January 25, 2024.</p>
<p>Meanwhile, the SEC has requested public feedback on Fidelity’s proposed rule change for a similar product, and the asset manager is still awaiting a decision from regulators. Additionally, the broader crypto industry is expecting the SEC to make a positive decision on spot Bitcoin ETF applications submitted by BlackRock, Fidelity, WisdomTree, and many other companies. They believe that the SEC will likely make a favorable decision on these applications just before the expected application stack in January, potentially approving a spot Bitcoin ETF in the United States for the first time.</p>
<p>The post <a rel="noopener noreferrer nofollow" href="https://en.coinotag.com/sec-delays-another-spot-ethereum-etf-what-will-happen-to-eth-etfs/">SEC Delays Another Spot Ethereum ETF: What Will Happen to ETH ETFs?</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://en.coinotag.com">COINOTAG NEWS</a>.</p>
<table style="width: 100%; border-collapse:">
 <tbody>
  <tr>
   <td style="width: 100%; text-align: left;"><a href="https://en.coinotag.com/altcoin-exchange-1333421/" target="_blank" rel="noopener noreferrer nofollow"><strong><span style="color: #000000;">Did you missed the PEPE?<span style="color: #e67e22;"> No worries, click here to 100x potential memes!</span></span></strong></a></td>
  </tr>
 </tbody>
</table>

SEC Delays Another Spot Ethereum ETF: What Will Happen to ETH ETFs?

Table of Contents

CO NEWS

Other articles published on Dec 14, 2023

BREAKING: Sushi DeFi Security Breach: CTO Sounds Alarm, SUSHI Price Drops 4%

IMF Head Urges For Clear Rules and Infrastructure to Curb Crypto Risks

AXL Crypto: Price Analysis of Axelar’s Native Crypto

Top Crypto To Buy Before Next Bull Run

Metagood Secures $5M Seed Round for Bitcoin Ordinals Marketplace Osura

Shibarium Transactions Surge To Mark New Network Milestone

Join our free newsletter for daily crypto updates!