BlackRock, Grayscale, Bitwise File Updated 19B Forms in Rush for Ethereum ETF
Summary
BlackRock, Grayscale, and Bitwise filed amended 9b-4 forms with the SEC for proposed spot ether ETFs, removing provisions for staking ether. Staking involves locking cryptocurrencies for rewards. Annualized yields on ether staking were nearly 3%. Fidelity, VanEck, Franklin Templeton, Invesco Galaxy, ARK 21Shares dropped staking plans. DTCC listed VanEck’s Ether ETF under the ticker symbol ETHV. Bloomberg analysts updated odds of approval to 75%, causing a market-wide jump. Ether rose over 17%, and bitcoin surpassed $71,000. Market watchers see a sudden change in tone from the SEC, with the decision possibly influenced politically.
