Скачать или смотреть Fidelity Files Amended S-1 Application with SEC for Spot Ether ETF,

Ruholamin Haqshanas

Last updated:

May 21, 2024 07:46 EDT

| 2 min read

Asset manager Fidelity has made an amended S-1 application to the United States Securities and Exchange Commission (SEC) for its spot Ether exchange-traded fund (ETF).

The updated application specifies that the underlying Ether tokens of the ETF will not be staked, according to recent reports.

S-1 filings are mandatory registration forms required by the SEC for launching publicly traded securities products in the United States.

SEC Might Greenlight Ether ETFs.

This filing comes in the wake of reports suggesting that the SEC has reversed its stance on spot Ether ETFs, potentially influenced by political pressures.

As a result, the commission has reportedly requested ETF issuers to revise their 19b-4 filings.

The upcoming deadline for the SEC’s decision falls on May 23, specifically for VanEck’s Ether ETF proposal.

While senior Bloomberg ETF analyst Eric Balchunas has increased the likelihood of approval to 75%, up from the previous estimation of 25%, this specifically applies to the 19b-4 form.

However, approval for Ether ETF issuers also necessitates the acceptance of their S-1 filings, as highlighted by Bloomberg ETF analyst James Seyffart in a recent post.

Seyffart indicates that the approval process for S-1 filings could take weeks to months, even if the theoretical approvals for 19b-4 filings occur this week. Despite the potential delay, Seyffart suggests that S-1 approvals are a matter of “When” rather than “If.”

The SEC faces final deadlines to make decisions on VanEck and ARK‘s spot Ethereum ETF applications on May 23 and May 24, respectively.

Liquidity Concerns Remain.

In a recent note, Matteo Greco, a research analyst at digital asset investment firm Fineqia International, added that concerns over the liquidity of ETH’s spot and futures markets, along with its previous classification as a security by the SEC, contribute to skepticism about swift approval.

“If rejected, issuers would need to resubmit filings, potentially leading to approval in Q4 2024 or Q1 2025 at best,” the analyst wrote.

Greco added that another possible scenario involves the approval of the 19b-4 filings while “slow-playing” the S-1s. The SEC must approve both the 19b-4s and the S-1s for the launch of Spot...

https://cryptonews.com/news/fidelity-...

#crypto #bitcoin #ethereum #cryptocurrency #news #blockchain #litecoin #cryptonews #cryptonewstoday #cryptoworld #cryptoworlddaily #etfs #etfsnews #etfsnewstoday #ethereum #ethereumnews #ethereumnewstoday #fidelity #fidelitynews #fidelitynewstoday

***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST ENTERTAINMENT!

This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research.

bitcoin, blockchain, crypto, cryptocurrency, altcoin, investment, ethereum, bitcoin crash, xrp, cardano, ripple