Fidelity's amended filing follows a U-turn from the SEC, as the regulator asked Ether ETF issuer to update their 19b-4 filings.
Fidelity has filed an amended S-1 application with the United States Securities and Exchange Commission (SEC) for its spot Ether exchange-traded fund (ETF).
The asset management giant has reportedly filed an updated S-1 application, stating that the ETF’s underlying Ether (ETH) tokens will not be staked. S-1 filings are the SEC’s required registration form for launching publicly traded securities products in the U.S.
The amended filing follows reports that the United States SEC has U-turned on spot Ether ETFs — possibly due to political pressure — with reports stating it has asked ETF issuers to update their 19b-4 filings.
