#ETH

Ethereum ETF files for amendment, one step closer to listing

The Ethereum exchange-traded fund (ETF) is close to regulatory approval, and this progress is made in a series of amendment applications.

Ethereum (ETH) spot ETF awaits approval from the US Securities and Exchange Commission, and major asset managers are updating documents

VanEck is the first to update registration information

On Monday, VanEck became the first company to file an amended registration statement for its spot Ethereum ETF, which is now called VanEck Ethereum Trust. The move marks a key progress in the approval process of the Ethereum ETF and highlights VanEck's proactive attitude towards regulatory compliance.

Following VanEck's lead, 21Shares also submitted an updated registration for its spot Ethereum ETF, indicating that the industry is moving towards preparation and compliance. Grayscale filed two amendments, further intensifying the competition. In the days that followed, Franklin Templeton, Fidelity, and BlackRock all filed their own amended filings, with each company hoping to secure a favorable decision from regulators.

Regulatory Landscape and Expert Predictions

The filing updated on Monday notably omitted details of planned expenses, which the SEC has not yet requested

SEC Chairman Gary Gensler expressed concerns about investor protection in the cryptocurrency market, emphasizing that certain activities may fall under securities laws. This stance has prompted asset managers to step up their filings to ensure that these regulatory issues are fully addressed.

At present, Ethereum Fresh may open Ethereum to a wider range of investors, promoting widespread adoption and mainstream acceptance of cryptocurrencies. If approved, these Ethereum ETFs could provide traditional investors with a simpler, more regulated path to exposure to the cryptocurrency market, further narrowing the gap between digital currencies and traditional finance.

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