Six Spot Ethereum ETF Applicants Have Filed Amended 19b-4 for Upcoming Approval
Six firms have recently filed amended 19b-4 forms for their spot Ethereum ETFs, marking a significant step toward potential approval by the U.S. Securities and Exchange Commission (SEC). These filings come from major players in the financial and crypto sectors, including Fidelity, Grayscale, ARK Invest, VanEck, Franklin Templeton, and Invesco (Cointelegraph) (The Coin Republic).
Fidelity's amendment includes provisions for staking a portion of the Ethereum held in the ETF, potentially providing additional income for investors (Cointelegraph). Grayscale, which holds a substantial amount of Ethereum, also filed an amended application aimed at listing its product on NYSE Arca (The Coin Republic).
Market observers note that these amendments demonstrate the firms' commitment to launching these ETFs, although approval is not guaranteed. The SEC's decision is anticipated by the end of May 2024, with varying levels of optimism among analysts regarding the likelihood of approval (Cointelegraph) (The Coin Republic).
