🚀BlackRock, Grayscale, and Bitwise have all filed amended 19b-4 forms with the SEC for their proposed spot ether ETFs, removing staking provisions. This move is likely to dodge regulatory hurdles as staking is seen as passive income in the crypto world.
📝All ether ETF hopefuls have now submitted their revised proposals ahead of a decision expected on Thursday. Fidelity, VanEck, Franklin Templeton, Invesco Galaxy, and ARK 21Shares have also dropped staking plans from their proposals.
🎉On Monday, Bloomberg analysts Eric Balchunas and James Seyffart upped their odds of approval to 75%, triggering a market-wide surge. Ether soared over 17%, while bitcoin reclaimed the $71,000 mark.
🤔What are your thoughts on these developments? Do you think the SEC will approve an ether ETF? Let's discuss below! #CryptoNews #EtherETF