Reported 5 months ago
The SEC requested updates to filings for Ether exchange-traded funds (ETFs) from potential issuers like ARK 21Shares, Fidelity Investments, Invesco Ltd., and others, signaling potential approval prospects. Fidelity updated its S-1 registration statement for its proposed spot-Ether ETF, removing staking language, a debated issue for Ether's security status. The increased activity comes ahead of a May 23 deadline for the SEC to approve VanEck's application, with analysts expecting ETF-driven inflows to Ether if approved, similar to Bitcoin ETFs' success. Grayscale's Ethereum Trust discount to underlying assets has narrowed, indicating growing speculation of approval, with prices rising following increased probability estimates.
Source: YAHOO