{"id":79276,"date":"2024-05-22T16:55:37","date_gmt":"2024-05-22T20:55:37","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=79276"},"modified":"2024-05-22T16:58:38","modified_gmt":"2024-05-22T20:58:38","slug":"applicants-for-ethereum-etfs-submit-19b-4-forms","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/applicants-for-ethereum-etfs-submit-19b-4-forms\/","title":{"rendered":"Applicants for Ethereum ETFs Submit 19b-4 Forms"},"content":{"rendered":"\n

The U.S. Securities and Exchange Commission<\/a> (SEC) received the 19b-4 paperwork from five Ethereum (ETH) spot ETFs applications.\u00a0
<\/p>\n\n\n\n

\"Applicants
Applicants for Ethereum ETFs Submit 19b-4 Forms<\/figcaption><\/figure>\n\n\n\n

Just twenty-five minutes before the deadline, ETH ETF applicants Fidelity, VanEck, Invesco\/Galaxy, Ark Invest<\/a>, and Franklin Templeton submitted their Amended 19b-4 forms to the SEC, according to Bloomberg Intelligence analyst James Seyffart. <\/p>\n\n\n\n

The analyst claims the ETF applicants eliminated ETH staking from their investment products using the 19b-4 forms. Experts had predicted that neither the issuer nor the user could “directly or indirectly” use the ETF for Ethereum staking\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>. <\/p>\n\n\n\n

On May 21, Alex Thorn, Head of Firmwide Research at Galaxy Digital, stated that the SEC might designate staked Ethereum as a security to approve the ETFs. <\/p>\n\n\n\n

Seyffart further noted that even with the 19b-4 paperwork submitted, there is still a 75% chance that the ETH ETF would be approved. The spot ETH ETFs may not launch in the United States for “weeks or more,” according to the Bloomberg Intelligence analyst. <\/p>\n\n\n\n

According to analysts at the Singapore-based trading firm QCP Capital, the introduction of spot Ethereum ETFs<\/a> could push the asset's price above $5,000, according to a May 21 story.<\/p>\n","protected":false},"excerpt":{"rendered":"

The U.S. Securities and Exchange Commission (SEC) received the 19b-4 paperwork from five Ethereum (ETH) spot ETFs applications.\u00a0 Just twenty-five minutes before the deadline, ETH ETF applicants Fidelity, VanEck, Invesco\/Galaxy, Ark Invest, and Franklin Templeton submitted their Amended 19b-4 forms to the SEC, according to Bloomberg Intelligence analyst James Seyffart. The analyst claims the ETF […]<\/p>\n","protected":false},"author":43,"featured_media":79277,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[19666,19665,143],"class_list":["post-79276","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-19b-4-forms","tag-ethereum-etfs","tag-sec"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/05\/croc_1716410427345.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/79276","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=79276"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/79276\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/79277"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=79276"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=79276"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=79276"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}