In anticipation of a crucial decision from the Securities and Exchange Commission (SEC), several prominent asset managers have updated their filings for an Ethereum exchange-traded fund (ETF) in the United States. BlackRock, Fidelity, and others have submitted revised 19b-4 forms, signaling their readiness for regulatory approval expected this Thursday.

These filings, including amended submissions from VanEck, Invesco/Galaxy, Ark/21Shares, Grayscale, and Franklin Templeton, indicate a concerted effort to meet SEC requirements. Grayscale, a crypto fund manager, seeks approval for both a traditional trust and a cost-efficient mini trust aimed at reducing shareholder fees.

If approved, an Ethereum ETF would enable investors to access ETH, the second-largest cryptocurrency by market capitalization, through shares traded on stock exchanges. Despite the flurry of activity, actual launch timelines hinge on SEC approval orders for the 19b-4 forms, followed by S-1 approvals, a process that could take several weeks or longer.

Previously, speculation abounded that the SEC would delay or reject these crypto fund proposals, but recent developments suggest a shift, possibly influenced by external pressures. This change in stance saw ETH prices surge by 26% in the past week to $3,737, driven by market optimism surrounding potential ETF approvals.

In conclusion, while the path to launching Ethereum ETFs remains uncertain pending SEC decisions, the recent flurry of filings and market reactions indicate growing confidence among stakeholders in the crypto investment sector.