Invesco and Galaxy Ethereum ETF Delayed By SEC
In September, Invesco entered the cryptocurrency ETF competition by introducing the Invesco Galaxy Ethereum ETF in collaboration with Galaxy Digital Funds. Notably, this particular ETF was designed to directly hold Ethereum as opposed to Bitcoin. Regarding delays, Invesco, like other asset managers, received news by the United States SEC about a delay in its application. The SEC also granted a 45 day extension for the decision on the application put forth by Grayscale for a spot ETF, pushing the expected verdict to the new deadline of January 25th, 2024.
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