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<p>The post <a href="https://coinpedia.org/news/fidelity-files-updated-s-1-application-for-spot-ethereum-etf-ahead-of-sec-looming-deadline/">Fidelity Files Updated S-1 Application for Spot Ethereum ETF Ahead of SEC Looming Deadline</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>In a significant move for the cryptocurrency market, Fidelity has filed an updated S-1 application for its Spot Ethereum ETF. This has sparked speculation within the investment community, especially after the SEC recently asked Ether ETF issuers to update their <a href="https://coinpedia.org/news/ethereum-etf-approval-the-role-of-19b-4-filings-and-s-1-forms/" target="_blank" rel="noreferrer noopener">19b-4 filings</a>.</p> 
<h2 class="wp-block-heading" id="h-fidelity-updates-s-1-form">Fidelity Updates S-1 Form</h2> 
<p><a href="https://coinpedia.org/news/fidelity-unveils-5-trillion-crypto-potential-for-pension-plans-heres-it-means-for-you/" target="_blank" rel="noreferrer noopener">Fidelity</a>, one of the world’s leading asset management firms, has recently filed an amended S-1 application with the United States Securities and Exchange Commission (SEC) for its spot Ethereum (ETH) exchange-traded fund (ETF).&nbsp;</p> 
<p>The updated S-1 application submitted by Fidelity clarifies that the underlying Ether tokens for the proposed ETF will not be staked. This filing is a critical step as S-1 forms are essential for launching publicly traded securities products in the U.S., according to SEC regulations.</p> 
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   <p lang="en" dir="ltr">JUST IN: <a href="https://twitter.com/Fidelity?ref_src=twsrc%5Etfw">@Fidelity</a> files updated S-1 application for its Spot <a href="https://twitter.com/hashtag/EthereumETF?src=hash&amp;ref_src=twsrc%5Etfw">#EthereumETF</a>. <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f440.png" alt="👀" class="wp-smiley" style="height: 1em; max-height: 1em;"></p>— Bitcoinsensus (@Bitcoinsensus) <a href="https://twitter.com/Bitcoinsensus/status/1792861068420612140?ref_src=twsrc%5Etfw">May 21, 2024</a>
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<p>This filing follows recent reports suggesting a shift in the SEC’s stance on spot Ethereum ETFs. As per Coinpedia’s earlier reports, the SEC has asked ETF issuers to update their 19b-4 filings, possibly in <a href="https://coinpedia.org/news/blackrocks-secret-influence-sec-rushes-ethereum-etf-filings-is-a-spot-eth-etf-imminent/" target="_blank" rel="noreferrer noopener">response to political pressure</a>.</p> 
<h2 class="wp-block-heading" id="h-upcoming-sec-deadlines">Upcoming SEC Deadlines</h2> 
<p>The next significant deadline for the SEC is the review of VanEck’s Ether ETF proposal on May 23. Notably, senior Bloomberg ETF analyst Eric Balchunas has raised the likelihood of <a href="https://coinpedia.org/news/sec-move-increase-eth-etf-approval-odds-as-big-whales-ditch-bitcoin-for-ethereum/" target="_blank" rel="noreferrer noopener">approval from 25% to 75%</a>, specifically for the 19b-4 form. However, obtaining SEC approval for the S-1 filings is also necessary for the ETFs to launch.&nbsp;</p> 
<h2 class="wp-block-heading" id="h-regulatory-landscape">Regulatory Landscape</h2> 
<p>The SEC’s stance on cryptocurrency ETFs has been a crucial topic of discussion. Although several Bitcoin ETFs have been approved, the approval of Ethereum ETFs would represent a significant milestone.&nbsp;</p> 
<p>Fidelity’s updated application highlights the ongoing push by major financial institutions to offer these products, signaling a hopeful outlook for regulatory acceptance. As the SEC reviews Fidelity’s amended S-1 application, the financial community watches closely.&nbsp;</p> 
<p>Also Check Out: <a href="https://coinpedia.org/news/blackrocks-secret-influence-sec-rushes-ethereum-etf-filings-is-a-spot-eth-etf-imminent/">BlackRock’s Secret Influence: SEC Rushes Ethereum ETF Filings – Is a Spot ETH ETF Imminent?</a></p>

Fidelity Files Updated S-1 Application for Spot Ethereum ETF Ahead of SEC Looming Deadline

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