Bloomberg Analyst: All Rumors About Ethereum Turned Out True!

According to Bloomberg Intelligence ETF analyst, all the rumors about Ethereum turned out to be true.

Issuers trying to establish a spot ETF for Ethereum in the United States have updated their files in compliance with the request of the Securities and Exchange Commission (SEC).

Over the past day, Fidelity, VanEck, Invesco/Galaxy, Ark/21Shares and Franklin Templeton filed updated 19b-4 filings with the SEC through the CBOE.

All of them emphasized in their current filings that they will not be involved in the proof-of-stake (PoS) mechanism in Ethereum and that the ETHs held in the fund will not be used for staking purposes.

According to Bloomberg analyst James Seyffart, ETFs still have a long way to go before they are approved. But Seyffart said, “But these files show that all the rumors, speculation and nagging are true.”

“We need to see the SEC first approve all 19b-4s and only then approve S-1s,” Seyffart said. “ETFs can take weeks or longer to set up,” he said.