๐Ÿš€ "It's happening!" says Bloomberg ETF analyst James Seyffart. Five potential ETH ETF issuers, including Fidelity, VanEck, Invesco Galaxy, Ark 21Shares, and Franklin, have submitted their amended 19b-4s to the SEC.

๐Ÿ“ These forms propose changes or new products, in this case, spot Ethereum ETPs. But don't get too excited yet! Approval from the SEC could take weeks or even months, and the major amendments involved removing anything related to Ethereum staking from the ETF filings.

๐Ÿ’ฐ Seyffart gives approval odds at 75%, up from 25% earlier this week. Meanwhile, Ethereum prices topped $3,800 on May 21, a whopping 31% increase over the past week.

๐Ÿ‘‡ What do you think? Will we see these ETFs launch soon? Share your thoughts below! #ETH #ETF #SEC #CryptoNews