SEC filings for 5 Ethereum ETF hopefuls altered as anticipated

Five potential issuers of Ether exchange-traded funds (ETFs) have submitted revised 19b-4 filings after receiving last-minute feedback from the US Securities and Exchange Commission (SEC). Asset managers Fidelity, VanEck, and Franklin Templeton, as well as joint applicants Galaxy and Invesco, and ARK Invest and 21Shares, have all made amendments. The changes include the removal of provisions for Ether staking. Grayscale has also scrapped staking, according to a proxy statement. However, experts suggest that an approved Ether ETF without staking could actually boost staking returns. The SEC is expected to decide on VanEck’s application by 23 May.