{"id":85208,"date":"2023-10-01T11:44:53","date_gmt":"2023-10-01T08:44:53","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=85208"},"modified":"2025-09-12T21:54:25","modified_gmt":"2025-09-12T18:54:25","slug":"invesco-and-galaxy-submit-joint-ethereum-spot-etf-application","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/invesco-and-galaxy-submit-joint-ethereum-spot-etf-application\/","title":{"rendered":"Invesco and Galaxy Submit Joint Ethereum Spot-ETF Application"},"content":{"rendered":"<p>Asset managers Invesco and Galaxy Digital <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1995569\/000119312523246762\/d470525ds1.htm\">filed<\/a> a joint application with the U.S. Securities and Exchange Commission (SEC) to launch <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-a-cryptocurrency-etf\">ETF<\/a> based on Ethereum.<\/p>\n<p>According to the filing, the instrument will track the spot price of the second-largest cryptocurrency by market capitalization. ETH will be held by a separate custodian, which has not yet been named.<\/p>\n<p>On September 27, the SEC <a href=\"https:\/\/u1f987.com\/en\/news\/sec-delays-decision-on-ethereum-etf-applications\">postponed<\/a> a decision on similar applications from 21Shares and VanEck until the end of the year. The regulator is also reviewing <a href=\"https:\/\/u1f987.com\/en\/news\/hashdex-files-for-spot-ethereum-etf\">a request<\/a> from Hashdex.<\/p>\n<p>Ethereum futures ETFs could appear as early as next week. Bitwise, a digital-asset manager, <a href=\"https:\/\/www.businesswire.com\/news\/home\/20230929506712\/en\/AETH-and-BTOP-Two-First-of-their-Kind-Ethereum-Futures-ETFs-From-Bitwise-Intend-to-Launch-October-2\">announced<\/a> the launch of Bitwise Ethereum Strategy ETF and Bitwise Bitcoin and Ether Equal Weight Strategy ETF on October 2.<\/p>\n<p>Applications for similar instruments have also been filed by <a href=\"https:\/\/u1f987.com\/en\/news\/vaneck-to-launch-ethereum-strategy-etf\">VanEck<\/a>, <a href=\"https:\/\/u1f987.com\/en\/news\/valkyrie-files-to-launch-ethereum-strategy-etf\">Valkyrie<\/a>, <a href=\"https:\/\/u1f987.com\/en\/news\/ark-invest-and-21shares-file-two-ethereum-futures-etfs\">21Shares<\/a> and ARK Invest, <a href=\"https:\/\/u1f987.com\/en\/news\/grayscale-investments-files-for-ethereum-futures-etf\">Grayscale Investments<\/a> and <a href=\"https:\/\/u1f987.com\/en\/news\/six-firms-file-applications-to-launch-an-ethereum-etf\">others<\/a>.<\/p>\n<p>In July, the SEC <a href=\"https:\/\/u1f987.com\/en\/news\/sec-takes-up-review-of-spot-bitcoin-etf-applications\">began considering<\/a> applications for spot Bitcoin ETFs from BlackRock, VanEck, Invesco, Fidelity Investments and WisdomTree. Later, <a href=\"https:\/\/u1f987.com\/en\/news\/franklin-templeton-files-for-a-spot-bitcoin-etf\">Franklin Templeton joined<\/a> them.<\/p>\n<p>So far, the regulator has not issued any approvals for spot ETFs on digital gold. The Commission made an exception for futures-based products on the first cryptocurrency from <a href=\"https:\/\/u1f987.com\/en\/news\/sec-quietly-approves-first-futures-based-bitcoin-etf\">ProShares<\/a> and <a href=\"https:\/\/u1f987.com\/en\/news\/sec-approves-futures-based-bitcoin-etfs-from-vaneck-and-valkyrie-investments\">Valkyrie Investments<\/a>.<\/p>\n<p>As of August 31, the SEC <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-slips-below-26000-as-sec-decision-on-bitcoin-etfs-weighs-on-markets\">postponed<\/a> its decision on several Bitcoin ETFs until at least mid-October. At the end of September the regulator <a href=\"https:\/\/u1f987.com\/en\/news\/sec-delays-decision-on-three-more-spot-bitcoin-etf-applications\">moved<\/a> consideration of applications to January 2024.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Asset managers Invesco and Galaxy Digital filed a joint application with the U.S. Securities and Exchange Commission to launch an Ethereum-based ETF.<\/p>\n","protected":false},"author":1,"featured_media":85209,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[569,46,1211],"class_list":["post-85208","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-etf","tag-ethereum","tag-stock-market"],"aioseo_notices":[],"amp_enabled":true,"views":"23","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/85208","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=85208"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/85208\/revisions"}],"predecessor-version":[{"id":85210,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/85208\/revisions\/85210"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/85209"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=85208"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=85208"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=85208"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}