Breaking Crypto News – Understanding the Significance of Amended 19b-4 Filings for Ether ETFs

Breaking Crypto News – Analyzing Amended 19b-4 Filings: Bitwise, Grayscale, and BlackRock Ether ETFs

Breaking Crypto News – The SEC has received updated 19b-4 filings from three more asset managers situated in the United States that have applications for spot Ether ETFs pending. Staking provisions were removed from asset management company BlackRock’s spot Ether ETF 19b-4 application, which was revised and filed with the Nasdaq Stock Market on May 22. Bitwise and Grayscale submitted comparable modifications to the New York Stock Exchange Arca. Listing and trading of spot Ether ETFs on exchanges would be permitted if the SEC approved the 19b-4 filings.

Neither the Trust, nor the Sponsor, nor the Ether Custodian […] nor any other person associated with the Trust will, directly or indirectly, engage in action where any portion of the Trust’s ETH becomes subject to the Ethereum proof-of-stake validation or is used to earn additional ETH or generate income or other earnings,

the amended BlackRock filing

It’s Not Clear Whether the SEC Will Approve Ethereum ETFs

Similar changes to eliminate staking were reflected in applications dated May 21 from Fidelity, VanEck and Franklin Templeton, Invesco Galaxy, and ARK 21Shares. By May 23, the regulatory body will have reached its last deadline for VanEck‘s application, at which point the SEC is anticipated to make a decision about listing and trading authorization.

Under the ticker name ETHV, the Depository Trust and Clearing Corporation offers VanEck’s Ether ETF, suggesting that the asset management is getting ready for SEC approval. This is a promising, but not conclusive, indication. Similar to how it handled spot Bitcoin, it’s uncertain if the commission will approve spot Ether ETFs.

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