Things
appear
to
be
moving
ahead
of
the
U.S.
Securities
and
Exchange
Commission’s
(SEC)
decision
to
potentially
approve
an
important
filing
related
to
the
launch
of
a
spot
ether
(ETH)
exchange-traded
fund
(ETF).
Cboe,
an
exchange
associated
with
five
of
the
issuers
of
a
potential
spot
ether
exchange-traded
fund
(ETF),
published
its
amended
19b-4
filings
in
response
to
feedback
from
regulators.
The
applicants
include
Fidelity,
VanEck,
Invesco/Galaxy,
Ark/21Shares
and
Franklin
Templeton.
Exchanges
supporting
various
applicants
filed
revised
forms
with
the
SEC
earlier
on
Tuesday,
two
individuals
familiar
with
the
situation
told
CoinDesk.
Officials
with
the
SEC
asked
exchanges
to
refile
using
universal
comments
–
where
they
all
use
the
same
wording
–
one
individual
told
CoinDesk.
Several
people
told
CoinDesk
across
Monday
and
Tuesday
that
SEC
officials
haven’t
explicitly
said
they
were
approving
the
applications,
but
that
the
feedback
was
still
significant.
A
final
approval
on
the
applications
is
still
not
guaranteed,
but
the
agency
asking
for
revisions
on
the
19b-4
forms
suggests
progress
is
being
made.
One
of
the
individuals
told
CoinDesk
they
expect
multiple
approvals
this
week.
While
the
19b-4
forms
might
be
approved
as
soon
as
this
Thursday
–
when
the
first
one,
an
application
by
VanEck
and
Cboe,
faces
a
final
deadline
–
the
spot
ether
ETFs
can’t
launch
until
the
SEC
also
approves
the
S-1
forms
filed
by
the
issuers
themselves.
There
appears
to
be
less
movement
on
this
front
than
with
the
19b-4
filings.
A
few
applicants
have
already
begun
revising
their
S-1
forms,
however.
It
appears
that
the
SEC
won’t
allow
issuers
to
stake
the
potential
ETFs,
which
several
applicants,
including
Grayscale
and
Fidelity,
hoped
to
do.
Both
asset
managers
on
Tuesday
filed
an
amended
S-1
registration
statement
removing
staking
from
their
documents.
Ether’s
price
traded
around
$3,790
as
of
press
time
according
to
CoinGecko,
up
3.8%
over
the
last
24
hours
and
maintaining
a
$600
jump
from
its
price
on
Monday
before
optimism
for
an
ETF
approval
first
resurfaced.