Five Ethereums ()ETHThe U.S. Securities and Exchange Commission received 19b-4 applications from spot ETF applicants.
According to Bloomberg Intelligence analyst James Seyffart, ETH ETF applicants — Fidelity, VanEck, Invesco/Galaxy, Ark Invest and Franklin Templeton — submitted their Amended 19b-4 forms to the SEC just 25 minutes before the deadline.
Form 19b-4 is used to notify the SEC about a proposed rule-change.
Analysts report that ETF applicants removed ETH staking by using the 19b-4 form. Experts predicted that neither the user nor the issuer can “directly or indirectly” Engage in Ethereum stake activities using the ETF.
Alex Thorn was the head of firmwide research for Galaxy Digital. said On May 21, the SEC announced that it could consider ETH staked as a security to try and approve ETFs.
Seyffart has also stated that there are odds against the ETH ETF getting approved. remain The 75% threshold was reached despite submitting the 19b-4 form.
Bloomberg Intelligence analysts said that the time it would take to complete this project could be as long as six months. “weeks or more” The launch of the ETFs for spot ETH in the U.S.
A report by crypto.news on May 21 stated that analysts from the Singapore-based trading company QCP Capital think the approval of Ethereum spot ETFs will be a success. could send the asset’s price Over $5,000 in the United States
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Source: crypto.news
