The SEC’s postponement of the Invesco Galaxy Ethereum ETF decision reflects ongoing regulatory scrutiny, while May 23rd retains importance for VanEck’s application. More delays for other Ethereum spot ETFs are expected in the coming months.
VanEck analyst Matthew Sigel suggests a bug in the Solana network’s BPF loader, possibly linked to a prior SMID proposal, caused the recent outage. He further speculates about the possibility of manual triggering, though definitive evidence remains unavailable.
VanEck, a leading asset management group, has announced that it will invest in the Bitcoin ecosystem for the long term and support the open-source Bitcoin Core development. The firm said that if its spot Bitcoin exchange-traded fund (ETF) is approved by the U.S. Securities and Exchange Commission (SEC), it will donate 5% of its profits to Brink, a nonprofit organization that funds and mentors Bitcoin Core developers, for at least 10 years
Matthew Sigel, head of digital assets research at VanEck, said he heard from a well placed source that BlackRock has $2 billion of capital lined up from existing bitcoin holders who want to switch to its spot bitcoin ETF in the first week of trading. If true, this would surpass any previous records for ETF volume and assets under management.
A TechCrunch reporter tweeted that the SEC may approve multiple spot Bitcoin ETFs as soon as tomorrow, according to sources close to the matter. This would be a significant development for the crypto industry and the Bitcoin price.