Allegedly, Invesco and Galaxy Digital filed with the U.S. Securities and Exchange Commission (SEC) on September 29 for a spot Ethereum ETF.
On September 29th, it was reported that asset managers Invesco and Galaxy Digital have applied to launch a spot Ether ETF.
The file wasn’t yet available in the SEC’s public database at the time of writing, but Bloomberg ETF analyst James Seyffart announced it on X (previously Twitter).
A representative from Invesco refused to confirm the application, saying that the business is unable to comment on products that are still in the registration process.
Invesco and Galaxy are the latest money managers to seek regulatory clearance for a spot ETH ETF, having done so on September 29. On September 27th, the SEC extended the deadline to December 25th and 26th for a decision on ARK 21Shares’ and VanEck’s prior petitions. So that it may give careful consideration to the proposed rule change and the problems addressed therein, the SEC has decided to extend the deadline for a decision.
Valkyrie is another firm releasing a crypto ETF futures product. The asset management is expanding its Bitcoin Strategy ETF to include Ether futures, renaming it Valkyrie Bitcoin and Ether Strategy ETF. Investors will be able to trade Ether and Bitcoin futures “under one wrapper,” according to a Valkyrie representative quoted by Cointelegraph.
Bitwise, which plans to launch a futures ETF that is equally weighted in Bitcoin and Ether, also published a revised prospectus on September 28. Seyffart claims that in addition to Kelly ETFs and Hashdex, Proshares has applied to release Ether ETFs in the future in the near future. At the time of writing, Ether was trading up at $1,666, fueled by excitement at the launch of futures ETFs.