Ethereum ETF Issuers Are Submitting Updated Filings

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Five potential issuers of an exchange-traded fund (ETF) for Ether have amended their filings with the Securities and Exchange Commission after receiving last-minute feedback from the agency.

Amendments have been made by asset managers Fidelity, VanEck, and Franklin Templeton, as well as joint applications from Galaxy and Invesco, and ARK Invest and 21Shares.

These companies have removed provisions for ETH staking in their amended filings.

According to the amended filings, neither the Trust, nor the Sponsor, nor the Custodian, nor any other party associated with the Trust will engage in any action where any portion of the Trust’s ETH is used for staking, proof-of-stake validation, or generating additional income or earnings.

Grayscale, another potential issuer, has also removed staking from their filings, according to a proxy statement.

Adam Cochran, a partner at venture capital firm Cinneamhain Ventures, believes that an approved spot Ether ETF without the staking element would actually benefit staking returns.