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International Business Times
International Business Times
Business
Marvie Basilan

5 Ethereum ETF Applicants Lodge Amended Filings After 'Shock' SEC Shift, Whales Move

SEC ETF Ethereum Eric Balchunas James Seyffart VanEck Crypto Fidelity United States
It's becoming more likely that the crypto industry will see a spot Ethereum ETF. (Credit: Reuters)

KEY POINTS

  • Among the applying issuers who updated filings was VanEck, which is expecting an SEC decision Thursday
  • A Bloomberg analyst said the sudden 180-degree turn by the SEC was a "shock" moment even for insiders
  • Ether whales have moved a staggering $400 million in ETH in the last 12 hours

At least five spot Ethereum (ETH) exchange traded-fund (ETF) applicants have amended their 19b-4 applications Tuesday, after the U.S. Securities and Exchange (SEC) issued comments to the funds' applicants.

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