BlockBeats news, on May 24, according to The Block, the U.S. Securities and Exchange Commission approved the 19b-4 forms of multiple Ethereum spot ETFs today, including ETFs from BlackRock, Fidelity and Grayscale. Although the form has been approved, ETF issuers need to make the S-1 registration statement effective before they can start trading. The SEC has just begun discussing the S-1 form with issuers. It is not clear how long this process will take, but some analysts speculate that it may take weeks.

BlockBeats news, on May 23, according to The Blcok data, Grayscale Ethereum Trust (ETHE) had a trading volume of US$687 million on the 21st, a new high since May 21. The previous high was US$842 million on May 19, 2021.

BlockBeats news: On May 22, according to the spot Ethereum ETF application submitted by BlackRock, THE ISHARES ETHEREUM TRUST will not be involved in Ethereum staking.