🫡 The SEC Confirms To Most Likely Approve Ethereum ETFs After yesterday’s surprising change in Ethereum ETF approval odds, according to analysts, the SEC staff today further confirmed that they are “inclined to approve” spot Ethereum ETFs, as reported by Barron’s. Previously, issuers like BlackRock, VanEck, and others had indicated that the SEC showed no interest in spot Ether ETFs, but this position appears to have shifted with the final decision expected later this week. The regulator even offered feedback on the applications, suggesting that timely resolutions could lead to approvals as early as this week. VanEck and Ark Invest are set to receive the SEC’s decision on May 23 and May 24, respectively. In the meantime, Fidelity, a spot Ethereum ETF applicant, has revised its S-1 filing and eliminated the staking feature, possibly in accordance with SEC guidance. #etf $ETH