🚀Big news in the crypto world! The SEC has approved 19b-4 forms filed by issuers looking to launch a spot ether ETF, marking a significant step forward. But hold your horses, it's just the first of two major steps. S-1 forms, necessary for publicly offering new securities, still need the green light.🚦

Grayscale, BlackRock, Fidelity, VanEck, Franklin Templeton, Ark/21Shares, and Invesco/Galaxy are among potential issuers. While this approval suggests regulators are warming up to spot ether ETFs, it doesn't guarantee the final S-1 forms will be approved.

The industry was rocked earlier this week when issuers were asked to update their 19b-4 filings ahead of the SEC’s deadline to approve or deny one of the issuers, VanEck’s filing. The odds were low, but hey, we're here now!

What do you think? How soon will we see these ETFs trading? Let's chat in the comments! #CryptoNews #EtherETFs