$ETH Ethereum spot ETF latest developments and market forecast: Issuers submit revised documents with a maximum target price of $8,000! ! !

BTC spot ETF route replayed?

This morning, Bloomberg ETF analyst James Seyffart posted on the X platform: "Five potential Ethereum spot ETF issuers have submitted 19 b-4 revised documents to the US SEC through Cboe BZX, including: Fidelity, VanEck, Invesco/Galaxy, Ark/21 Shares and Franklin." The DTCC official website has also listed VanEck spot Ethereum ETF "VANECK ETHEREUM TR SHS" (code ETHV).

On the other hand, as the SEC's expectations for the Ethereum spot ETF have increased, the negative premium rate of Grayscale Ethereum Trust (ETHE) has narrowed to 11.82%. According to relevant sources, Grayscale has submitted an update to the 19 b-4 form of the Ethereum Mini Trust to the U.S. Securities and Exchange Commission, confirming that its Ethereum Mini Trust will not directly or indirectly participate in ETH staking.

In a previous document, Grayscale had proposed to investors that Ethereum could be pledged through the trust fund, but this wording was not included in the revised preliminary proxy statement submitted by Grayscale on Tuesday. Other issuers, including Fidelity, have also taken similar measures (removing pledge-related content).

Yesterday, according to the source @tier 10 k on the X platform, the U.S. Securities and Exchange Commission has informed the exchange that they are inclined to approve the spot Ethereum ETF.

Three people familiar with the matter said that U.S. Securities and Exchange Commission (SEC) officials unexpectedly asked Nasdaq and the Chicago Board Options Exchange (CBOE) on Monday to quickly update and revise their spot Ethereum ETF listing application documents, which is usually a request before approval, suggesting that the agency may be ready to approve the applications of the two companies. The SEC must decide by the end of this week whether to approve CBOE's VanEck and ARK Investments/21 Shares ETF listing application. The exchange needs the SEC to approve its revised rules before it can list the product, while the issuer still needs the SEC to approve the ETF registration statement before trading can begin. Unlike exchange filings, the SEC has no set time frame for its decision, which means it may take several months for the spot Ethereum ETF to begin trading.

Many institutions said that if the ETF is approved, it is expected to reach $8,000 by the end of 24 years.