๐จ๐๐จ ETH News ETF ๐จ๐๐จ
Applicants for Ethereum ETF submit 19b-4 forms.
The ETF applicants eliminated ETH staking from their investment products by using the 19b-4 forms. Experts had predicted that neither the issuer nor the user would be able to "directly or indirectly" utilize the ETF for Ethereum staking.
On May 21, Alex Thorn, Head of Firmwide Research at Galaxy Digital, stated that the SEC may designate staked Ethereum as a security in an effort to approve the ETFs.
Seyffart further said that even with the 19b-4 paperwork submitted, there is still a 75% chance that the ETH ETF would be approved.
The spot ETH ETFs may not launch in the United States for "weeks or more," according to the Bloomberg Intelligence analyst.
ย The introduction of spot Ethereum ETFs, according to experts at Singapore-based trading firm QCP Capital, may push the asset's price beyond $5,000, according to a May 21 Btcnews99 story.ย ย
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