"Bloomberg ETF analyst James Seyffart noted that at least five potential ETH ETF issuers filed corrected 19b-4s with the Securities and Exchange Commission (SEC) a few hours ago. Fidelity, VanEck, Invesco Galaxy, Ark 21Shares and Franklin filed all corrections." Submitted via Chicago Board Options Exchange (CBOE) Grayscale has submitted an updated 19b-4 filing for Ethereum Mini Trust 📝💼.

However, Seyffart said, "These files prove that all the rumors, speculations and gossip are true." However, all 19b-4s must have SEC clearance orders and the regulator must approve S-1 filings, meaning "ETFs can take weeks or more to launch," he said.

On the other hand, Ethereum prices surpassed $3,800 on May 21 as ETF hopes heated up. The asset maintained its gains and was trading near $3,750 at the time of writing. Ethereum is up 31% over the past week. Bitcoin, however, failed to sustain its gains and fell below $70,000 during the Asian trading session on Wednesday morning. 📈📉"