Invesco Galaxy Spot Ether ETF Proposal Joins US Queue, Futures ETF To Launch Soon
Portfolio Pulse from Khyathi Dalal
Invesco and Galaxy Digital have filed for a spot Ethereum ETF named Invesco Galaxy Ethereum ETF. This move involves Galaxy Digital Funds which will manage the sale of Ethereum. The ETF will directly hold ether. Futures-based Ether ETFs are expected to open trade soon. Other companies such as VanEck, Valkyrie, Bitwise, and Hashdex are also preparing to launch their Ether ETFs.
October 02, 2023 | 1:00 pm
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NEGATIVE IMPACT
The decision on the Spot Bitcoin ETFs is extended to Jan. 10. This delay could create uncertainty and potentially impact the price of Bitcoin.
The delay in the decision for the Spot Bitcoin ETFs could create uncertainty in the market, which could potentially lead to a decrease in the price of Bitcoin.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Invesco and Galaxy Digital have filed for a spot Ethereum ETF. Futures-based Ether ETFs are expected to open trade soon. This could potentially increase the demand and price of Ethereum.
The filing for a spot Ethereum ETF by Invesco and Galaxy Digital, along with the expected opening of futures-based Ether ETFs, could increase the demand for Ethereum, potentially leading to an increase in its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100