by ZeroHedge News Staff at ZeroHedge
Five potential spot Ether exchange-traded fund (ETF) issuers have submitted amended 19b-4 filings after receiving last-minute feedback from the United States Securities and Exchange Commission (SEC).
Several filings show changes from asset managers Fidelity, VanEck and Franklin Templeton, along with joint applications from Galaxy and Invesco, and ARK Invest and 21Shares.
Ether prices have soared in the last few days…
And net inflows to BTC ETFs has also reignited…
As Brayden Lindrea reports via CoinTelegraph, the amendments saw Fidelity, Franklin Templeton and ARK 21Shares remove provisions for Ether staking.
“Neither the Trust, nor the Sponsor, nor the 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,” Fidelity’s amended 19b-4 filing read.
The other Chicago Board Options Exchange (CBOE)-sponsored applicants used similar language.
Grayscale also scrapped staking, according to a proxy statement…
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