Fidelity Axes Spot Ethereum ETF Staking Feature
Several crypto ETF issuers are reportedly scrambling to amend SEC filings as odds for approved spot
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Ethereum products improved in the past 24 hours.
Wall Street titan Fidelity submitted an updated spot Ethereum ETF S-1 form with the U.S. SEC and removed all staking language, signaling dialogue with the regulator.
Multiple reports also emerged claiming the securities watchdog has instructed other issuers and national exchanges like Nasdaq to expedite improved spot Ether (ETH) ETF filings ahead of possible partial approvals.
At press time, crypto.news had yet to hear back from exchanges and providers on the matter.
🚨NEW: Hearing issuers/exchanges have until 10:30AM today to update the 19b-4 filings. Looks like staking was a no go based on Fidelity’s update. Also hearing there has been *some* engagement on S-1s but unclear how substantive. https://t.co/53P48bCrqj
— Eleanor Terrett (@EleanorTerrett) May 21, 2024
Fidelity’s amended S-1 form may confirm the SEC’s status quo on staking facilities tied to Ethereum’s
proof-of-stake (PoS) consensus model.
