In line with analyst expectations, the SEC pushed its decision on Invesco Galaxy’s spot Ether ETF application until July 5.
The Securities and Exchange Commission has delayed making a decision on Invesco Galaxy’s application for an Ether ETF, with the next deadline on July 5.
The United States Securities and Exchange Commission has delayed its decision on Galaxy Invesco’s application for a spot Ether (, the SEC gave itself another 60 days to make a call on the Galaxy’s ETF, with the next deadline set to July 5. “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 SEC wrote.
Seyffart said his “cautiously optimistic” attitude toward the pending Ether ETF applications had changed. As of March 20, he expects that all applications for an Ether ETF will “ultimately be denied” by the SEC on May 23. Despite this consensus from ETF analysts, Ethereum advocate Anthony Sassano said he maintains conviction that the regulator could approve the funds by VanEck’s final deadline., crypto asset management firm Grayscale, and crypto exchange Coinbase as further reasons for why the SEC could still approve the applications.Memecoins sell-off as Bitcoin price takes the spotlight — Is meme season over?
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