Financial services giant Fidelity Investments has filed an updated registration document (S-1) for its proposed spot Ethereum exchange-traded fund (ETF). This move comes as other issuers, such as BlackRock and Bitwise, have also submitted similar updates, indicating that the launch of Ethereum ETFs could be just around the corner.

The lack of sponsor fee details in Fidelity's filing is notable, as it follows a similar trend seen in recent filings from other issuers. However, Franklin Templeton has bucked this trend by disclosing a 19 basis point sponsor fee. Analysts believe that issuers are likely waiting to reveal their fees until the last minute or after their competitors have announced theirs.

The crypto community is highly anticipating the approval and launch of these Ethereum ETFs, with some analysts predicting they could start trading as early as July 2nd. This optimism is fueled by the SEC's recent resolution of the ConsenSys vs. SEC investigation, which has provided more regulatory clarity for Ethereum. Additionally, comments from SEC Chair Gary Gensler hinting at potential Ethereum ETF approvals this summer have further bolstered expectations.

As the approval process continues, investors are eagerly awaiting the final details, such as the sponsor fees, which could influence the competitive landscape and overall market dynamics. The launch of Ethereum ETFs is seen as a significant milestone for the cryptocurrency industry, potentially driving increased institutional adoption and investment.