The United States Securities and Exchange Commission (SEC) has postponed its decision on Invesco Galaxy's spot Ether exchange-traded fund (ETF) application.
According to the document published on May 6, the SEC has given itself 60 more days to make a decision on the Invesco Galaxy spot Ether ETF, with the next deadline set for July 5.
“The Commission finds that in order to have sufficient time to consider the proposed rule change and the issues raised herein, it is appropriate to establish a longer period for issuing an order approving or disapproving the proposed rule change,” the SEC stated.
In recent months, the SEC delayed decisions on applications from eight potential Ether ETF issuers, in line with analyst expectations, including BlackRock, Fidelity, Franklin Templeton, Hashdex and Ark 21Shares.
The deadline for VanEck's Ether ETF application is "the only deadline that matters," Bloomberg ETF analyst James Seyffart wrote in a March 20 post.
In March, senior Bloomberg ETF analyst Eric Balchunas stated that the SEC had reduced the likelihood of approving ETFs from 50 percent to 35 percent. Balchunas gave up hope on the agency's chances of approving VanEck's application by the deadline.
Speaking to Cointelegraph on March 12, Balchunas cited increasing political pushback for SEC Chairman Gary Gensler and a long period of “radio silence” from the SEC on potential fund issuers as reasons for the reduced likelihood of approval.
Seyffart said his "cautiously optimistic" stance on pending Ether ETF applications has changed. As of March 20, it expects all applications for an Ether ETF to be "ultimately rejected" by the SEC on May 23.
Despite this consensus from ETF analysts, Ethereum advocate Anthony Sassano expressed belief that the regulator could approve the funds by VanEck's deadline.
Sassano cited a March 9 meeting between the regulator, crypto asset management firm Grayscale and crypto exchange Coinbase as other reasons the SEC may still approve applications, citing the agency's approval of Ether futures ETF products in 2023.
PLEASE READ CAREFULLY FOR A GIFT OF 10 DOLLARS.
My friends, you know that we, the publishers, are doing everything we can for you here. We are informing you about the services and facilities offered to us by our authorities. I have never stopped supporting both the Cryptocurrency market and you as much as I could, and on the contrary, I am trying to provide more support.
THIS 10 DOLLAR GIFT CAMPAIGN IS A CAMPAIGN MADE SPECIALLY FOR ME BY BINACE. YOU CAN GET CONFIRMATION ABOUT THIS BY CONTACTING LIVE HELP. THIS IS A 10 DOLLAR CAMPAIGN MADE TO YOU THROUGH ME.
Now I will tell you how to receive your gift. First of all, Binance users who have registered with someone's reference and actively use futures transactions will unfortunately not be able to benefit from this promotion.
So who will benefit?
Our friends who have not activated the futures section yet, while activating your FUTURES trading section, you will earn 10 dollars when you open it by entering my reference code 88623008.
I EXPLAIN IN DETAIL.
My brothers and sisters who have become a Binance member without reference, please listen carefully;
When you do what I say, you will receive 10 USDT.
Enter the Futures Section from your application,
On the next screen, open your account by entering the code 88623008 in the REFERENCE CODE section,
My brothers and sisters who want to complete this transaction and receive the 10 USDT reward by MAY 1 can do so. After activating your account, all you have to do is open your first futures transaction.
The first 1,000 brothers to open a 200 USDT transaction by MAY 1 will receive a 10 USDT reward.
So let me give you a tactic like this: Even if you open and close 20x with a $5 transaction, you will be entitled to the reward.
However, even if you do this after May 1, your reward will not come. So get it done by May 1st. In fact, right now I say you can fix it in 5 seconds.
Very simple. Go to Futures, enter my reference code 88623008 and activate the account. Afterwards, just open a total of 200 USDT transactions and get 10 USDT reward.
WHEN WILL THE AWARD COME?
Your 10 dollar reward will arrive in the REWARDS section of your Binance application within 30 days, starting from May 1st. By activating it from there, you can use your reward of 10 dollars, or more than 300 liras, in futures transactions.
You can help your friends in need by sharing this post.
BY THE WAY, MY BROTHERS, PLEASE DON'T MISS YOUR LIKES. EVERY SHARE IS FOR YOU. SO DON'T WITHHOLD YOUR SUPPORT. DON'T FORGET TO FOLLOW IF YOU HAVE NOT FOLLOWED YET. KIND REGARDS.