Bittime - As revealed in an announcement released on Monday, the SEC has delayed decisions on spot Ethereum ETFs from various applicants, including Grayscale, Franklin Templeton, VanEck, and BlackRock.
Invesco Galaxy Ethereum ETF Decision Extended by Securities and Exchange Commission
The SEC's decision to extend the deadline for the Invesco Galaxy Ethereum ETF decision provides sufficient time for institutions to investigate the ETF proposal and related concerns.
The institution sought public opinion in February after previously delaying action against the Invesco Galaxy Ethereum ETF. Market expectations for this type of product have declined in recent months. Bloomberg ETF analyst Eric Balchunas lowered the odds of Ethereum ETF spot approval from around 70% to 25%.
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Analyst Lowers Likelihood of Spot Ethereum ETF Approval Amid Regulatory Uncertainty
The Securities Commission (SEC) has decided to extend regulatory oversight of Franklin Templeton's spot Ethereum ETF until June 10.
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Analysts remain wary of an expected decision in May regarding a spot Ethereum ETF, although regulatory uncertainty regarding Ether's security classification could lead to resistance.
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However, broader regulatory uncertainty regarding the classification and regulation of other crypto assets indicates the SEC's cautious stance regarding other crypto assets.According to analysts, the SEC may extend the registration deadline for VanEck's Ether ETF to May 23.
How To Buy Ethereum (ETH) With Bittime
You can buy and sell Ethereum (ETH) in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
Ethereum (ETH) is available on Bittime with ETH IDR pairing.
To be able to buy ETH tokens on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet . For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn How to Buy Ethereum (ETH) on Bittime.
Monitor price chart movements of Ethereum (ETH), Bitcoin (BTC), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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