Odaily News According to CoinDesk, the SEC asked exchanges to speed up the update of 19B-4 documents regarding spot Ethereum ETFs.

Odaily News Variant Fund Chief Legal Officer Jake Chervinsky wrote today: "If the spot ETH ETF is really approved, everyone I know who understands the regulatory situation in Washington will be shocked, but that doesn't mean it won't happen. This incident means that the approval of the ETF may indicate that after the SAB 121 vote, the United States' cryptocurrency regulatory policy has undergone a major shift. This incident may be more important than the ETF itself." According to previous news, the bill to overturn SAB 121 was passed by the House of Representatives and the Senate on May 8 and May 17 of this month, respectively. Biden will make a final decision on the bill before May 28.

Odaily News Fidelity submitted an updated version of its S-1 filing for its Ethereum spot ETF, claiming that its ETF's Ethereum tokens "will not be staked." Its revised filing deleted all references to staking, including staking rewards. (Tree News)

Odaily News Standard Chartered Bank expects the U.S. Securities and Exchange Commission to approve an Ethereum ETF this week. The application resolution deadline for the first round of Ethereum spot ETFs is approaching, with VanEck's application resolution deadline being May 23 and ARK Invest/21Shares' deadline being May 24. Geoff Kendrick, head of foreign exchange research and digital asset research at Standard Chartered Bank, said that if the Ethereum spot ETF is approved, it is expected that there will be an inflow of 2.39 million to 9.15 million ETH in the first 12 months, equivalent to about $15 billion to $45 billion in U.S. dollars. Kendrick said: "In terms of market capitalization, this is similar to our estimates of fund inflows for Bitcoin ETFs, and these estimates are proving to be accurate." In addition, if the Ethereum ETF is approved this week, it is expected that Ethereum will maintain its price exchange rate with Bitcoin and Ethereum will reach $8,000 by the end of 2024. Kendrick said: "Given that we now expect Bitcoin to reach the $150,000 level by the end of 2024, this will mean that the price of Ethereum will reach $8,000." (The Block)

Odaily News According to the source, the U.S. Securities and Exchange Commission asked Nasdaq and the Chicago Board Options Exchange to adjust the filing of the spot Ethereum ETF on Monday.

Odaily News Scott Johnsson, partner of Van Buren Capital and a well-known American financial lawyer, posted on the X platform that the Ethereum spot ETF applied by Fidelity has stated that it will not pledge ETH, and the bigger signal is that the structure and disclosure of the commodity grantor trust have not changed. All signs indicate that the US Securities and Exchange Commission will abandon the argument that ETH is a security.

Odaily News According to source @tier10k on the X platform, the U.S. Securities and Exchange Commission has informed exchanges that they are inclined to approve a spot Ethereum ETF.

Odaily News The DTCC official website has listed the VanEck spot Ethereum ETF "VANECK ETHEREUM TR SHS" (code ETHV), and the Create/Redeem column is displayed as N.

Odaily News James Seyffart, ETF analyst at Bloomberg, wrote on the X platform: "Five potential Ethereum spot ETF issuers have submitted 19b-4 revised documents to the US SEC through Cboe BZX, including: Fidelity, VanEck, Invesco/Galaxy, Ark/21Shares and Franklin."

Odaily News Grayscale has deleted the pledge-related content in its proposed Ethereum spot ETF application, according to a revised preliminary proxy statement. In a previous document, Grayscale had proposed to investors that Ethereum could be pledged through the trust fund, but this wording was not included in the revised preliminary proxy statement submitted by Grayscale on Tuesday. Other issuers, including Fidelity, have also taken similar measures. (The Block) Earlier news, regulatory application documents showed that Grayscale has confirmed that its Ethereum Mini Trust will not directly or indirectly participate in ETH staking.

Odaily News Market news, Nasdaq said that BlackRock's spot Ethereum ETF "ISHARES ETHEREUM TRUST" has submitted new rules for filing in accordance with the listing and trading requirements of Nasdaq Rule 5711 (D).

Odaily News According to market news, according to the spot Ethereum ETF application documents submitted by BlackRock, THE ISHARES ETHEREUM TRUST will not be involved in Ethereum staking.

Odaily News According to market news, Bitwise has submitted a revised 19B-4 update for the spot Ethereum ETF, and it is reported that the ETF is expected to be listed on the New York Stock Exchange.

Odaily News Eric Balchunas, Bloomberg ETF analyst, told Space that in the case of the Bitcoin spot ETF, the SEC contacted the applicant more than 90 days before the deadline, so when the date approaches, if there is no voice, the probability of approval is naturally reduced. Previously, some politicians were very dissatisfied with the success of the Bitcoin spot ETF and wrote to (SEC Chairman) Gary never to do this again. Although the approval of the Ethereum spot ETF still needs to be discussed, the 180-degree turn in politics has surprised even the staff, which is very unusual.

Odaily News Fox Business reporter Eleanor Terrett said in Space that Gensler had a conversation with the White House last week, and congressional politics are unfolding around ETF approval. When it comes to pressure on Gensler, (they) need to consider more facts, laws and court rulings, but I think they really can't say no.

Odaily News Matthew Sigel, head of digital asset research at VanEck, said on Space that some entities with great financial influence have influenced ETF approvals. They have caused a shift in the SEC's actions, and you can see who is supporting the repeal of SAB121, which is the banks, because they see the funds available in the custody and trading of these digital assets.

Odaily News According to Bloomberg ETF analyst Eric Balchunas on X Platform, VanEck's Matthew Sigel said in a speech at X Spaces today that VanEck was the first to submit (spot Ethereum ETF application) and hopes to be the first to receive a response and be listed in the first batch. The time of submission of applications used to be important, and it should be so now. The US SEC will approve all applicants on the same day, which favors large companies. "

Odaily News Fox reporter Eleanor Terrett posted on the X platform that there are reports that SEC staff and spot Ethereum ETF issuers have had conversations about S-1 documents, and the conclusion reached so far is that there is still "some work to be done" on these issues.

Odaily News Fox reporter Eleanor Terrett wrote on the X platform, "I agree with the opinions of the ETF experts, but previous news seems to indicate that the SEC may approve the 19b-4 filing tomorrow and then work with the issuer on the S-1 in the next few weeks or months?"

Odaily News Many in the crypto market believe that the key changes made by issuers to spot Ethereum ETF applications are good for the Ethereum blockchain, but bad for the ETF product itself. Issuers including Fidelity and Ark have canceled plans to allow staking of Ethereum ETFs. Staking has always been a sensitive issue for Ethereum because it enables holders to earn a yield, raising questions about whether the token should be considered a security under U.S. regulators. Some market participants believe that if the ETF cannot stake its tokens, then the appeal of spot ETFs will be less than directly purchasing staking-enabled Ethereum.

Odaily News Bloomberg ETF analyst Eric Balchunas wrote on the X platform: “My most optimistic guess is that we will hear from the U.S. SEC (regarding whether to approve the spot Ethereum ETF application) around 4 p.m. EST tomorrow (4 a.m. Friday Beijing time).”

Odaily News Bloomberg ETF analyst James Seyffart wrote on X that, in addition to BTC and ETH, the demand for SOL ETF may be greater than other digital assets, but the problem is that the SEC's attitude towards SOL is completely different from that towards ETH. In previous lawsuits against Coinbase, Kraken and other companies, the SEC has stated bluntly that "Solana (SOL) is a security", which may make SOL's ETF road very bumpy.

Odaily News Consensys CEO Joseph Lubin said in an interview that the 19b-4 applications submitted by companies such as BlackRock are expected to be approved by the US SEC. However, launching them to the public may be a longer process. Lubin pointed out: "The S1 document approval is the key to the listing of these new ETFs, which may be delayed for a while. It is not clear whether it will be delayed. I guess this is a huge political issue now." Lubin also said that considering that there are some very savvy supporters on the Democratic side of the United States, they are trying to develop a strategy to convince people that the campaign team and others are supportive of cryptocurrencies. (Cointelegraph)

Odaily News According to sources, the U.S. Securities and Exchange Commission has begun discussions with potential Ethereum ETF issuers regarding S-1 registration statements. Although the revised Form 19b-4 has been submitted, there has been little progress on the S-1 Form so far. When asked about the conversations regarding the S-1 Form, a senior person at an issuer said: "Basically, it's just beginning. It feels a bit like the (Investment Management Department) was caught off guard by the change in official attitude. So, it's just beginning." The source added that they do not expect progress on the Ethereum ETF to be abandoned, but remain cautious. For the Ethereum ETF to be approved, the SEC must approve the Form 19b-4, and then the S-1 registration statement must take effect. Only after that can related transactions begin. (The Block)

Odaily News Hong Kong is considering allowing staking for ETFs that invest directly in Ethereum. Hong Kong’s Securities and Futures Commission is in discussions with Ethereum ETF issuers about offering staking services through licensed platforms, after receiving proposals in the past few weeks, according to people familiar with the matter. The discussions are ongoing and there is no clear timeline for a decision, the person said. A spokesman for the Hong Kong Securities and Futures Commission did not immediately respond to a request for comment. If approved, staking returns could boost demand for Hong Kong’s cryptocurrency spot ETFs, which have faced tepid demand since their launch in April. It could also put Hong Kong, an Asian financial hub, ahead of the United States, which is expected to approve an Ethereum spot ETF that does not include staking capabilities. (Bloomberg)

Odaily News Brokerage firm Bernstein said in a research report that if the United States approves an Ethereum spot ETF, it would be seen as a major regulatory relief for the crypto industry and raise expectations that SOL will be classified as a commodity. Bernstein analysts added: "In the long run, we do believe that if Trump is elected, cryptocurrencies may receive strong legislative and institutional support (new SEC chairman), bringing lasting structural changes to the financial integration of cryptocurrencies. Tactically, if the Ethereum ETF is approved, it will set a precedent for the first non-Bitcoin blockchain asset to be considered a commodity, thereby raising hopes that Ethereum peers (possibly Solana) will follow the same path." (CoinDesk)

Odaily News Lennix Lai, global chief commercial officer of OKX, said that if the Ethereum spot ETF is approved on Thursday, institutional investors are ready to invest $500 million in Hong Kong products next week. The approval of the Ethereum spot ETF may be as important as the approval of the Bitcoin ETF, or even more important, and its funding scale may also surpass the Bitcoin spot ETF. (dlnews)

Odaily News According to market news, members of the U.S. House of Representatives have urged the U.S. Securities and Exchange Commission to approve the Ethereum ETF.

Odaily News According to Bloomberg ETF analyst Eric Balchunas' disclosure on the X platform, U.S. House Majority Whip Tom Emmer and New Jersey Democratic Congressman Josh Gottheimer have written to U.S. Securities and Exchange Commission Chairman Gary Gensler, stating that the spot Ethereum ETF provides investors with the opportunity to access cryptocurrencies in a regulated, transparent and secure format.

Odaily News Eric Balchunas, senior ETF analyst at Bloomberg, wrote on the X platform that it is interesting that the letter from members of the U.S. House of Representatives to Gary Gensler, chairman of the U.S. SEC, mentioned not only the Ethereum ETF but also "other digital assets." It will be interesting to see how far and how fast the ETF industry can go to break through the boundaries (which it is good at), and it will hopefully not be surprising if U.S. congressmen seize the loopholes of the SEC and submit various tokens to test the limits of regulation.

Odaily News SEC Chairman Gary Gensler declined to comment on the Ethereum ETF plan.

Odaily News SEC approves spot Ethereum ETF.

Odaily News According to The Block, the U.S. Securities and Exchange Commission approved the 19b-4 forms for multiple Ethereum spot ETFs today, including those from BlackRock, Fidelity, and Grayscale. Although the form has been approved, ETF issuers need to make the S-1 registration statement effective before they can start trading. The SEC has just begun discussing the S-1 form with issuers. It is unclear how long this process will take, but some analysts speculate that it may take weeks.

Odaily News Bloomberg analyst James Seyffart wrote: The approval of the spot Ethereum ETF does not mean that they will start trading tomorrow. This is just the approval of 19b-4. Approval of the S-1 document is also required, which will take some time. We expect it to take a few weeks, but it may take longer. We will know more information in about a week.

Odaily News ETF issuer VanEck has submitted a revised S-1 application form for the Ethereum spot ETF as soon as possible.

Odaily News Watcher.Guru monitoring pointed out that BlackRock's spot Ethereum ETF has been listed on the DTCC website with the code ETHA.

Odaily News The approval document for the spot Ethereum ETF shows that the approval decision was made by the SEC's Trading and Markets Division, not five commissioners including SEC Chairman Gary Gensler. In the document on the approval of Form 19b-4 for companies such as BlackRock, Fidelity, Grayscale, Bitwise, VanEck, Ark, Invesco Galaxy and Franklin Templeton, the last line reads: "This decision was made by the (SEC) Trading and Markets Division on behalf of the Commission, in accordance with the authorization authority." Bloomberg ETF analyst James Seyffart said that it is normal for the SEC to make decisions through authorization. (The Block)

Odaily News Galaxy Digital's report (published before approval) predicts that a spot Ethereum ETF could be listed on exchanges in July or August. (The Block)

Odaily News On May 23, the U.S. Securities and Exchange Commission (SEC) officially approved the 19b-4 forms for eight spot Ethereum ETFs, with issuers including BlackRock, Fidelity and Grayscale. Although the form has been approved, ETF issuers need to wait until the S-1 registration statement becomes effective before they can start trading. The SEC has just begun discussing the S-1 form with issuers, and it is unclear how long the process will take, but some analysts speculate that it may take weeks. Jeffery Ding, chief analyst at HashKey Group, believes that Ethereum is following the successful path of Bitcoin ETFs and has broad prospects. Even more attractive is that Ethereum spot ETFs are expected to join the staking mechanism and become interest-bearing assets. In the medium term, the market size of Ethereum spot ETFs is expected to reach 75% of that of Bitcoin spot ETFs. In addition, Jeffery Ding believes that if the 21st Century Financial Innovation and Technology Act (FIT21) is passed, it will transfer the regulatory power of digital currencies from the Securities and Exchange Commission (SEC) to the Commodity Futures Trading Commission (CFTC). Since the CFTC has a more friendly attitude towards cryptocurrencies, perhaps other cryptocurrencies can also apply to become spot ETFs in the future, leading the crypto industry into the mainstream.

Odaily News According to market news, the New York Stock Exchange ARCA approved the listing and registration of the beneficial common shares of the Bitwise Spot Ethereum ETF in accordance with the Exchange Act of 1934.

Odaily News According to market news, the New York Stock Exchange ARCA approved the listing and registration of common shares in which the Bitwise Spot Ethereum ETF has a beneficial interest in accordance with the Exchange Act of 1934.

Odaily News James Seyffart, an ETF analyst at Bloomberg, wrote on the X platform that the spot Ethereum ETF is expected to start trading tomorrow, and today we should see a push of documents on the SEC website, indicating that the Ethereum ETF prospectus has "taken effect", most likely after or around the close of trading.

Odaily News The U.S. Securities and Exchange Commission (SEC) has notified at least two of the eight companies that have applied to launch the first U.S. spot Ethereum ETFs that their products can begin trading on Tuesday (July 23). Products from BlackRock, VanEck and six other companies will begin trading on three different exchanges on Tuesday morning: the Chicago Board Options Exchange (CBOE), Nasdaq and the New York Stock Exchange, all of which have confirmed that they are ready to start trading. Bloomberg ETF analyst Eric Balchunas said: "The spot Ethereum ETF has gone into effect with the SEC. Form 424(b) is being submitted in succession. This is the last step, which means everything is ready and trading can start at 9:30 a.m. on Tuesday (9:30 p.m. Beijing time tonight). Game on."

Odaily News According to Farside Investors, Bitwise disclosed that its Ethereum spot ETF seed fund was US$2.5 million, making it the first issuer to disclose this information.

Odaily News The U.S. Securities and Exchange Commission (SEC) has declared the registration statement for BlackRock's iShares Ethereum Trust ETF (ETHA) effective. ETHA is designed to track the price of Ethereum's native token ETH and is expected to begin trading on the Nasdaq exchange on July 23, 2024. (Business Wire)

Odaily News Cryptocurrency trading platform Coinbase officially announced that today, the U.S. Securities and Exchange Commission (SEC) approved the application of 9 spot Ethereum ETFs. Following the approval of the spot Bitcoin ETF by the U.S. SEC in January this year, the approval of the spot Ethereum ETF marks another important milestone for cryptocurrencies, reflecting the continued innovation and increasingly mature regulatory environment around crypto assets. Coinbase has also become a trusted partner and custodian of 10 Bitcoin spot ETFs and 8 newly approved Ethereum spot ETFs.

Odaily News According to the official website of Bitwise Spot Ethereum ETF, the disclosed ETH holding addresses of Bitwise Spot Ethereum ETF (as of July 23) are: 0xa15c9d4aF12d42c612D5a7445d76f5cC3aC92A69; 0xEd9258097cC80e1E6eBF2c9B132Eb135C81bb4eF; 0x3339AAD5f1a0CC95d6Dee6DDF10b444F080c7cB5; 0x7716d9e70779ee3d2580DccA818521A85E59eec8; 0x6F28ebf3170AA00Bfdf7131A4635a04976c657Ed.

Odaily News According to official news, Bitwise announced on the X platform that it will donate 10% of the profits of the spot Ethereum ETF to Ethereum's open source developers.

Odaily News According to Bitwise official data, as of July 22, the holdings of its spot Ethereum ETF ETHW seed fund were 717.42 ETH, and the current number of ETHW shares in circulation was 100,000. In addition, data shows that the digital asset custodian of ETHW is Coinbase Custody Trust Co., LLC, and the trust custodian is Bank of New York Mellon. Earlier news, the US spot Ethereum ETF was officially approved, and Bitwise disclosed that its Ethereum spot ETF seed fund was US$2.5 million, making it the first issuer to disclose this information.

Odaily News According to official data from Grayscale, its Ethereum Trust ETHE currently holds a total of nearly 2.63 million ETH. The relevant assets are all held in custody at Coinbase Custody Trust Company, LLC, and the asset management scale (non-GAAP) has reached US$9.19 billion.

Odaily News According to BlackRock's official data, its spot Ethereum exchange-traded fund iShares Ethereum Trust ETF (ETHA) held 3,030.7257 ETH as of July 19, worth approximately $10,682,338.25. In addition, as of July 22, ETHA's net assets were $10,560,165, with 400,000 shares in circulation.

Odaily News According to Farside Investors data, as of July 22: BlackRock's spot Ethereum ETF ETHA seed fund was US$10.6 million, with a fee rate of 0.25%; 21 Shares' spot Ethereum ETF CETH seed fund was US$2.3 million, with a fee rate of 0.21%; Bitwise's spot Ethereum ETF ETHW seed fund was US$2.5 million, with a fee rate of 0.2%; Franklin Templeton's spot Ethereum ETF EZET seed fund was US$2.7 million, with a fee rate of 0.19%.