The SEC has opted to increase the deadline to February 6, 2024, to approve or deny the appliance for the Invesco Galaxy Ethereum ETF.
Cboe BZX Trade just lately submitted a proposed rule change to the Securities and Trade Fee (SEC) regarding the itemizing and buying and selling of shares for the Invesco Galaxy Ethereum ETF.
SEC Pushes Back Ethereum ETF Deadline
The proposal was printed for public remark within the Federal Register on November 8, 2023. The submitting states the SEC is required to take motion inside 45 days of the publication of discover for a proposed rule change.
This extension permits for a extra thorough examination of the proposed rule change. This ensures sufficient time for consideration of the problems raised in the course of the public remark interval.
Learn extra: How To Prepare for a Bitcoin ETF: A Step-by-Step Approach
The Invesco Galaxy Ethereum ETF holds significance as its potential listing and buying and selling on Cboe may have far-reaching implications for buyers and the broader market.
Nonetheless, on December 6, BeInCrypto reported that the SEC delayed its decision on Grayscale’s Ethereum ETF. The deadline for Grayscale’s product is January 25, 2024.
Different Asset Administration Companies in ETH ETF Race
events can entry the feedback submitted in the course of the public remark interval on the SEC’s official web site.
The SEC’s prolonged evaluate interval goals to strike a stability between fostering innovation and ensuring investor protection. February 6, 2024, marks a key date for the crypto community.
The SEC will announce its determination or institute additional proceedings concerning the proposed rule change by Cboe BZX Trade.
This comes amid latest information that the world’s largest asset supervisor, BlackRock, has also filed for an Ethereum ETF. On November 16, BeInCrypto reported that BlackRock filed for the Ethereum ETF with the US SEC.
Nonetheless, main asset administration companies comparable to ARK Make investments and its associate 21 Shares already filed for a spot Ethereum ETF in September.
Learn extra: Optimism Vs. Arbitrum: Ethereum Layer-2 Rollups Compared
Disclaimer
In adherence to the Belief Mission tips, BeInCrypto is dedicated to unbiased, clear reporting. This information article goals to supply correct, well timed data. Nonetheless, readers are suggested to confirm details independently and seek the advice of with an expert earlier than making any choices based mostly on this content material.