Cboe BZX has taken its upcoming decision a step further by posting revised spot Ethereum ETF filings.
Exchange CboeBZX has amended its Form 19b-4 filings for five proposed spot Ethereum exchange-traded funds, indicating that potential approval for those funds could be imminent.
Cboe BZX filed an amended Form 19b-4s late Tuesday. Franklin Ethereum Trust, Fidelity Ethereum Fund, VanEck Ethereum Trust, Invesco Galaxy Ethereum ETF and ARK 21Shares Ethereum ETF.
Corrected documents will be provided as exchanged. According to reports The SEC requested amendments to 19b-4 earlier this week. Form 19b-4 is filed to notify the SEC of proposed rule changes and is one of the documents that will require the agency’s approval before a spot ether ETF can go into effect. The S-1 registration statement must still be in effect before the funds can begin trading.
Bloomberg ETF analyst James Seyffart said the filings showed the rumors could be true.
““There is still a long way to go before launch,” Seipart said. post On Tuesday “But these filings prove that all the rumors and speculation and chatter were correct. We really need to see the SEC approval orders for all the 19b-4s and then the S-1 approvals as well. We still have a few more weeks to wait until the ETF launches. This can take a while.”
Detail
Fidelity has clearly stated that none of its ETH will be used for staking purposes following the company’s amendment. 19b-4 submission.
“The Trust, the Sponsor, the Custodian or any other person associated with the Trust may, directly or indirectly, cause any portion of the Trust’s ETH to be subject to Ethereum proof-of-stake verification or otherwise be used to earn additional ETH or generate income or other income,” the filing states. It continues.
Other publishers, such as VanEck, have used similar language.
Ethereum is trading around $3,797.42 at the time of publication and is up 4.16% over the last 24 hours. ether It shows.
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