Approval of 19b-4 filings for Ethereum spot ETFs could happen today, around 4:00 pm UTC-4, according to Bloomberg analyst Eric Balchunas. This and more news in this practical summary daily so that you are always informed with events most recent that occur within the crypto world.
Awaiting approval of Ethereum spot ETFs
📍Fund managers BlackRock, Grayscale and Bitwise submitted updated documents from their 19b-4 filings to the SEC. The updated documents show that fund managers do not expect to stake ether in reserve in investment funds.
The changes come a day after Fidelity Investments, which is also seeking regulatory approval to launch an Ethereum ETF in the US market, removed mentions of ETH staking from its fund prospectus. According to experts, the updated presentations, which were sent through Nasdaq, in the case of the BlackRock fund, and NYSE Arca, for Grayscale and Bitwise, maintain similar language to those sent by CBOE to list the Fidelity funds, Franklin Templeton, Ark Invest, Invesco Galaxy and VanEck.
These presentations were sent to the securities regulator almost on the deadline on which its decision on whether to approve or reject these investment funds will be known, this May 23.
Bloomberg ETF analyst Eric Balchunas commented that the SEC is likely to issue its decision today, around 4:00 pm New Jersey time (UTC-4), as it did with Bitcoin ETFs and other funds. investment.
Will a Solana spot ETF be launched?
📍Investors are already thinking about a spot ETF for Solana. Although the US Securities and Exchange Commission (SEC) has yet to rule on Ethereum exchange-traded funds, as of this writing, investors are already considering a Solana spot ETF, currently the fifth-largest cryptocurrency. largest in the market by capitalization.
US television channel CNBC recently discussed the possibility of creating a Solana spot ETF, if Ethereum exchange-traded funds receive regulatory approval.
In addition to CNBC, Matrixport co-founder Daniel Yan also considers it quite likely that the next major cryptocurrency to have a spot ETF after Ethereum will be Solana.
On his X account, Yan wrote that Solana could be the next candidate for a spot ETF in the United States.
MetaMask will integrate Bitcoin natively
📍The cryptocurrency wallet developers want to integrate Bitcoin. According to CoinDesk, two people familiar with the matter have revealed MetaMask's new plans, which are focused on integrating Bitcoin into its ecosystem natively. This development is quite striking, considering that MetaMask is the most used crypto wallet in the Ethereum ecosystem, with more than 100 million users worldwide.
According to sources, Bitcoin integration into MetaMask could arrive as soon as next month, although it could be a feature with limited features that would expand over time.
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