21Shares, Grayscale and Fidelity file final forms for their Ethereum spot ETFs – DiarioBitcoin

Now we just have to wait for the final review by the SEC to find out when these products will begin to operate on the market. Hours before, VanEck submitted the final version of its form to the agency S-1 for Ethereum ETF.

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• 21Shares, Grayscale and Fidelity reported to the SEC the final forms for their ETFs Ethereum cash
• In the case of 21Shares and Fidelitythis is the final version of the forms S-1
• By Grayscale, is the latest version of your form S-3
• This comes hours after VanEck also did the same
• ETFs are getting closer and closer to their start of operations Ethereum

The race for Ethereum spot ETFs appears to be nearing the home stretch, so now 21Shares, Grayscale and Fidelity reported to the U.S. Securities and Exchange Commission (SEC) the updated version of your final forms for the product launch.

21Shares, Grayscale and Fidelity submit final forms

According to information released by various media, the presentations took place in the afternoon of today, following the case of VanEck who also did the same by filing a complaint with the SEC the final version of your form S-1 pending the final verdict. The regulator will then only have to make the final review and notify the administrators about the formal start of operations of these products on the US stock exchange.

The clarifications were made by the analyst of Bloomberg, Eric Balchunas, who posted messages on his X account reporting on the latest updates from 21Shares and Fidelity, which submitted their forms S-1. In the case of Grayscale, The company submitted its application S-3, with which you request to convert your existing fund based on Ethereum in a ETF cash.

21Shares now in as well. No fee tho. Nothing to see here. pic.twitter.com/5uJt9Mh5o8

— Eric Balchunas (@EricBalchunas) July 8, 2024

Mini-Me is in. No fee tho. Zzzzz. pic.twitter.com/OfhgEqEHp8

— Eric Balchunas (@EricBalchunas) July 8, 2024

Let us keep in mind that the first administrator to submit his corresponding request was Bitwise, who submitted the final version of his form S-1 last Wednesday. In light of this, Balchunas himself highlighted that we could be facing the imminent arrival of ETFs Ethereum in cash, since the final step must now be taken by the SEC with the official verdict and the date of the start of operations.

Countdown to ETFs Ethereum

These presentations take place days after the SEC to conduct a final round of feedback for drafts submitted by ETF applicants Ethereum in cash. Sources familiar with the case said that comments and recommendations were minimal this time, so the review process could be nearing its end.

However, although it is already understood that it could be much less, there is still no estimated date or window for the arrival of these products to the American stock market. Despite this, the president of the SEC, Gary Gensler noted that due process follows its course in the expected manner, avoiding anticipating when the expected moment will occur.

Regarding ETFs Ethereum, Although many analysts believe that they will most likely not move as much capital as their counterparts in Bitcoin, if they anticipate that it could capture the attention of important investors in traditional markets, who might want to have exposure to the second digital currency with the largest market capitalization.

Let’s keep in mind that ETFs Ethereum cash would operate in a very similar way to funds based on Bitcoin, Therefore, at least for the moment, the assets under management cannot be used for staking and generating additional funds.

Article by Angel Di Matteo / Bitcoin Diary

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