Five Ethereum ()ETHSpot ETF applications have been submitted to the U.S. Securities and Exchange Commission.
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.
The SEC is notified of proposed rules changes using the 19b-4 form.
Analysts report that ETFs used 19b-4 to eliminate ETH dissent from their products. Experts predicted that neither the issuer or the user could “directly or indirectly” ETFs can be used to engage in Ethereum stake-out activities.
Alex Thorn is the Head of Firmwide research at Galaxy Digital. said On May 21, the SEC announced that it could consider ETH staked as a security to try and approve ETFs.
Seyffart pointed out also that the odds of approval for the ETH ETF are low. remain Even though the 19b-4 form was submitted, the score was still 75%.
Bloomberg Intelligence analyst stated that it could take up to a year. “weeks or more” Before the launch of spot ETFs in the U.S.
The analysts of the Singapore-based QCP Capital trading firm believe, according to a report published by Crypto.news May 21, that approval for spot Ethereum ETFs is imminent. could send the asset’s price Over $5,000 in the United States
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Source: crypto.news