Recent developments in Ethereum ETFs indicate increased activity within the crypto community. Fidelity's amended S-1 registration statement, which removed staking language, suggests ongoing discussions between the SEC and ETF issuers. Bloomberg analyst Eric Balchunas raised the probability of ETH ETF approval to 75%, corroborated by issuers' reports of SEC communications. Unusual speed and requests by the SEC point to a shift in strategy. The crypto market responded with Bitcoin topping $71,000 and Ethereum maintaining above $3,700. Concurrently, Congress considers a crypto market structure bill, and major firms address online financial fraud. Grayscale appointed Peter Mintzberg as the new CEO amidst these evolving dynamics.
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