Ethereum

Spot

<p>The post <a href="https://coinpedia.org/news/fidelity-files-updated-s-1-application-for-spot-ethereum-etf-ahead-of-sec-looming-deadline/">Fidelity Files Updated S-1 Application for Spot Ethereum ETF Ahead of SEC Looming Deadline</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>In a significant move for the cryptocurrency market, Fidelity has filed an updated S-1 application for its Spot Ethereum ETF. This has sparked speculation within the investment community, especially after the SEC recently asked Ether ETF issuers to update their <a href="https://coinpedia.org/news/ethereum-etf-approval-the-role-of-19b-4-filings-and-s-1-forms/" target="_blank" rel="noreferrer noopener">19b-4 filings</a>.</p> 
<h2 class="wp-block-heading" id="h-fidelity-updates-s-1-form">Fidelity Updates S-1 Form</h2> 
<p><a href="https://coinpedia.org/news/fidelity-unveils-5-trillion-crypto-potential-for-pension-plans-heres-it-means-for-you/" target="_blank" rel="noreferrer noopener">Fidelity</a>, one of the world’s leading asset management firms, has recently filed an amended S-1 application with the United States Securities and Exchange Commission (SEC) for its spot Ethereum (ETH) exchange-traded fund (ETF).&nbsp;</p> 
<p>The updated S-1 application submitted by Fidelity clarifies that the underlying Ether tokens for the proposed ETF will not be staked. This filing is a critical step as S-1 forms are essential for launching publicly traded securities products in the U.S., according to SEC regulations.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">JUST IN: <a href="https://twitter.com/Fidelity?ref_src=twsrc%5Etfw">@Fidelity</a> files updated S-1 application for its Spot <a href="https://twitter.com/hashtag/EthereumETF?src=hash&amp;ref_src=twsrc%5Etfw">#EthereumETF</a>. <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f440.png" alt="👀" class="wp-smiley" style="height: 1em; max-height: 1em;"></p>— Bitcoinsensus (@Bitcoinsensus) <a href="https://twitter.com/Bitcoinsensus/status/1792861068420612140?ref_src=twsrc%5Etfw">May 21, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>This filing follows recent reports suggesting a shift in the SEC’s stance on spot Ethereum ETFs. As per Coinpedia’s earlier reports, the SEC has asked ETF issuers to update their 19b-4 filings, possibly in <a href="https://coinpedia.org/news/blackrocks-secret-influence-sec-rushes-ethereum-etf-filings-is-a-spot-eth-etf-imminent/" target="_blank" rel="noreferrer noopener">response to political pressure</a>.</p> 
<h2 class="wp-block-heading" id="h-upcoming-sec-deadlines">Upcoming SEC Deadlines</h2> 
<p>The next significant deadline for the SEC is the review of VanEck’s Ether ETF proposal on May 23. Notably, senior Bloomberg ETF analyst Eric Balchunas has raised the likelihood of <a href="https://coinpedia.org/news/sec-move-increase-eth-etf-approval-odds-as-big-whales-ditch-bitcoin-for-ethereum/" target="_blank" rel="noreferrer noopener">approval from 25% to 75%</a>, specifically for the 19b-4 form. However, obtaining SEC approval for the S-1 filings is also necessary for the ETFs to launch.&nbsp;</p> 
<h2 class="wp-block-heading" id="h-regulatory-landscape">Regulatory Landscape</h2> 
<p>The SEC’s stance on cryptocurrency ETFs has been a crucial topic of discussion. Although several Bitcoin ETFs have been approved, the approval of Ethereum ETFs would represent a significant milestone.&nbsp;</p> 
<p>Fidelity’s updated application highlights the ongoing push by major financial institutions to offer these products, signaling a hopeful outlook for regulatory acceptance. As the SEC reviews Fidelity’s amended S-1 application, the financial community watches closely.&nbsp;</p> 
<p>Also Check Out: <a href="https://coinpedia.org/news/blackrocks-secret-influence-sec-rushes-ethereum-etf-filings-is-a-spot-eth-etf-imminent/">BlackRock’s Secret Influence: SEC Rushes Ethereum ETF Filings – Is a Spot ETH ETF Imminent?</a></p>

Fidelity Files Updated S-1 Application for Spot Ethereum ETF Ahead of SEC Looming Deadline

Table of Contents

CoinPedia News

Other articles published on May 21, 2024

Yuga Labs Partners With Artist Nina Chanel, Unveils Airdrop Plans

Controversy Over Cardano’s Control Mechanisms Fuels Decentralization Push

SEC Files Reply to Ripple’s Latest Motion: Details

Not Part of the Raging Tech Industry? XERA Pro Empowers Everyone

Meme Coins Vs AI Coins: Which Sector Is Outperforming & Why?

Why This Token Is Gaining Major Attention: PawFury's Rise

Join our free newsletter for daily crypto updates!