Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ETHEREUM NEWS»SEC Postpones Invesco Galaxy Spot ETH ETF, But Decision Still Expected in May
ETHEREUM NEWS

SEC Postpones Invesco Galaxy Spot ETH ETF, But Decision Still Expected in May

By Crypto FlexsFebruary 7, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
SEC Postpones Invesco Galaxy Spot ETH ETF, But Decision Still Expected in May
Share
Facebook Twitter LinkedIn Pinterest Email

On February 6, the U.S. Securities and Exchange Commission (SEC) extended the decision period for the Invesco and Galaxy spot Ethereum ETFs.

The agency’s announcement specifically concerns Cboe BZX’s proposed rule changes that would allow the fund’s shares to be listed and traded.

The SEC said the proposed rule changes were published in the Federal Register on November 8, 2023, for comment. The SEC subsequently extended the time period within which it can approve, disapprove, and approve, specifying a longer period for approval of December 13, 2023. or initiate proceedings for approval or disapproval.

The agency’s latest filing indicates it has chosen the last option and has begun the process for approval or disapproval. The proceedings ask commenters to address fraud prevention, market manipulation, and investor protection. These issues are relevant to all other pending Ethereum ETF proposals and are also at the heart of the January spot Bitcoin ETF approval.

The SEC did not provide an exact deadline for today. It states that comments must be submitted within 21 days of publication in the Federal Register, and rebuttal comments must be submitted within 35 days of publication in the Federal Register.

SEC expected to make ETH ETF decision by May

This extension does not affect the broader approval schedule for the ETH ETF. Bloomberg ETF analyst James Seyffart acknowledged the delay. writing:

“(The) SEC just delayed (Invesco and Galaxy’s) Ethereum ETF. (This was) 100% expected and we will continue to see more delays in the coming months. Currently, the only date that matters for the Ethereum spot ETF is May 23rd. When is VanEck’s final deadline?”

The SEC will likely decide on several similar proposals simultaneously, including those with later deadlines than VanEck’s proposal.

The SEC has postponed various spot Ethereum ETFs over the past few weeks. The agency extended decision periods for applications from Fidelity on Jan. 18, BlackRock on Jan. 24 and Grayscale on Jan. 25. Once again, this delay does not affect the wider May decision deadline outlined by Seyffart.

It is unclear whether the SEC will approve a spot Ethereum ETF. One Polymarket prediction market currently suggests a 43% chance of approval by May. Seyffart suggested a 60% chance of approval by May, while one JP Morgan member suggested a 50% chance of approval. TD Cowen Research Group believes a spot Ethereum ETF will not be approved in May.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Crypto Scam Markets thrives again after attempting to clean up Telegram.

June 24, 2025

Bitcoin is more than $ 104K as the merchant’s eyes move from H2 to $ 145,000.

June 20, 2025

Can Etherrium price return to $ 4,000? Analysts say that ETH should go beyond this support.

June 16, 2025
Add A Comment

Comments are closed.

Recent Posts

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Earns $9,800 Per Day With BTC Breaks Through $107,000, GoldenMining Global Market.

June 27, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

NVIDIA RTX strengthens FITY’s AI -centered innovation in Cooler Design.

June 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025
Most Popular

Vitalik Buterin: Support for decentralized staking with anti-correlation incentives

March 28, 2024

Why did X (Twitter) remove NFT support?

January 10, 2024

Servicenow and NVIDIA unveiled the APRIEL NEMOTRON 15B AI model

May 7, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.