Several asset managers have submitted amended filings to the SEC for spot Ethereum ETFs. VanEck rebranded its spot Ethereum ETF as The VanEck Ethereum Trust in its updated registration statement. Close behind, 21Shares submitted a new registration for its spot Ethereum ETFs. Grayscale joined with two amended filings: one for its $28 billion Grayscale Ethereum Trust and another for a more cost-effective "mini" ETF.

The wave of filings continued with Franklin Templeton, Fidelity, and BlackRock submitting their own amended filings for spot Ethereum ETFs. Notably, none of the filings disclosed planned fees, a detail that Bloomberg ETF analyst Eric Balchunas mentioned the SEC has not yet required. Balchunas suggested another round of updates including fees is expected before final approvals, predicting a potential approval date around July 18th.

VanEck's amended registration statement saw the removal of some regulatory language regarding custody. This deleted section previously described how Ethereum withdrawals would be processed through the entity designated to safeguard assets for the fund. These changes mirrored adjustments made by Bitwise the previous week, which included details on the SEC's stance regarding compliance in the crypto market.

VanEck’s filing also highlighted SEC Chairman Gary Gensler's call for federal legislation focused on digital asset trading to prevent transactions, products, and platforms from "falling between regulatory cracks." Similarly, 21Shares’ amended filing included disclosure language on the SEC’s regulatory efforts.

Despite the SEC approving several key filings for spot Ethereum ETFs in May, the regulator still needs to approve S-1 forms from eight asset managers. Gensler has previously stated that the approval process hinges on asset managers' ability to provide full disclosures.