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The SEC has extended the review period for Invesco and Galaxy's application to launch a spot Ethereum ETF.
The new deadline is July 5, 2024.
On April 23, the SEC delayed its decision on an application from Franklin Templeton until June 11. Previously, the regulator extended the review period for a similar application from BlackRock.
However, clarity is expected in May, as the final decision for VanEck and Grayscale is due on May 23 and 24, and no further deadline extensions will be possible.
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❗️ Grayscale withdraws its application for a futures Ethereum ETF
🏢 Investment firm Grayscale has unexpectedly withdrawn its application to create a futures Ethereum ETF.
👥 Analysts initially believed that Grayscale strategically planned to use its futures Ethereum ETF as a Trojan horse to compel the U.S. Securities and Exchange Commission (SEC) to approve a spot Ethereum ETF.
🤔 However, it is unclear why Grayscale is withdrawing the application now, as the SEC was supposed to make a decision on this issue on May 23.
#Grayscale #EthereumETF #ETH #SEC
🏢 Investment firm Grayscale has unexpectedly withdrawn its application to create a futures Ethereum ETF.
👥 Analysts initially believed that Grayscale strategically planned to use its futures Ethereum ETF as a Trojan horse to compel the U.S. Securities and Exchange Commission (SEC) to approve a spot Ethereum ETF.
🤔 However, it is unclear why Grayscale is withdrawing the application now, as the SEC was supposed to make a decision on this issue on May 23.
#Grayscale #EthereumETF #ETH #SEC
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