Three additional U.S. asset managers have made amendments to their 19b-4 filings with the U.S. Securities and Exchange Commission (SEC) for pending spot ether exchange-traded fund (ETF) applications.
BlackRock, Grayscale, and Bitwise all filed amendments to their 19b-4 filings, signaling progress towards the potential listing and trading of spot Ethereum ETFs on exchanges such as Nasdaq Stock Market and NYSE Arca.
The amendments primarily involve the removal of staking provisions from the filings. BlackRock, for instance, specified in its revised document that neither the Trust nor any associated entity would engage in Ethereum Proofs of Stake validation to earn additional ETH or generate revenue.
With the SEC's final decision on VanEck's filing expected on May 23, the cryptocurrency community closely watches the outcome, especially amid ongoing discussions in Congress regarding legislation to define the regulator's role in digital asset regulation. Concurrently, members of the House of Representatives are engaged in pre-vote debates on the 21st Century Financial Innovation and Technology Act.
