Invesco World Misses Deadline for S-1 Amendments for Ethereum ETF

Invesco World Delays S-1 Amendments for Ethereum ETF, Raising Concerns

The financial firm Invesco World failed to meet the deadline set by the SEC for submitting corrections to the S-1 forms for a spot Ethereum ETF. The SEC had requested several changes to the documents, setting July 8 as the final submission date. Invesco’s delay in delivering these amendments has caused some unease among cryptocurrency analysts.

The failure to submit on time was surprising, especially since other issuers successfully met the SEC’s deadlines. Companies such as VanEck, Bitwise, Fidelity, BlackRock, and Franklin Templeton all submitted their amendments within the stipulated timeframe.

While some analysts worried that this delay might lead to another postponement of the Ethereum ETFs, others remained optimistic. One of the optimists is ETF expert Nate Geraci, who expressed confidence that the SEC will approve these instruments soon.

By early Tuesday morning, it was reported that Invesco had finally submitted its amendments. In these amendments, Invesco disclosed a fee of 0.25%. This marks a significant step forward as the SEC prepares to make its decision on the S-1 forms.

When Will Ethereum ETFs Begin Trading?

With all issuers of spot Ethereum ETFs having submitted their amendments, the matter is now in the hands of the SEC. According to ETF experts from Bloomberg, the requested changes by Gary Gensler‘s team are minor and should not delay approval for long.

Prominent sector experts agree that the upcoming Monday could be a historic date. Both Geraci and Bloomberg’s Seyffart and Balchunas see no further reasons to delay the approval.

The anticipated Ethereum ETFs are now the focal point of interest within the broader cryptocurrency market. Analysts and enthusiasts believe these ETFs could trigger a new rally in cryptocurrency prices by attracting billions in institutional capital.

For now, leading digital currencies are struggling to overcome bearish trends and volatility. As of writing, the price of ETH stands at $3,072 per coin, showing a 1.30% gain over the past 24 hours but a 10.20% loss over the past week. Enthusiasts believe that Ethereum ETFs could propel the token to new all-time highs, making this an opportune moment for many investors.