BlackRock, Grayscale and Bitwise amend ETF filings before SEC decision
With the SEC expected to decide by May 23 whether to approve or disapprove a spot Ether exchange-traded fund, three asset managers amended their 19b-4 filings.
Three additional United States-based asset managers with spot Ether (ETH) exchange-traded fund applications in the pipeline have amended their 19b-4 filings with the Securities and Exchange Commission (SEC).
In a May 22 filing from the Nasdaq Stock Market, asset management firm BlackRock amended its spot Ether ETF 19b-4 application to remove provisions for staking. Grayscale and Bitwise filed similar amendments with the New York Stock Exchange Arca. Having the SEC approve the 19b-4 filings would be a step toward greenlighting the listing and trading of spot Ether ETFs on exchanges.
“Neither the Trust, nor the Sponsor, nor the Ether Custodian […] nor any other person associated with the Trust will, directly or indirectly, engage in action where any portion of the Trust’s ETH becomes subject to the Ethereum proof-of-stake validation or is used to earn additional ETH or generate income or other earnings,” said the amended BlackRock filing.
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Author: Turner Wright
