As the industry tries to make sense of the evolving bullish signals around possible spot ether ETF approvals, there’s no shame in needing a quick refresher.

The Securities and Exchange Commission is expected to rule on such products by Thursday. With me so far?

Amended filings indicate that prospective ether ETF issuers would not stake the ETH they hold — a fund feature that segment observers long predicted the SEC to oppose.

The SEC has declined to comment.   

Analysts expect the SEC to decide on so-called 19b-4s — proposed rule changes filed by exchanges on behalf of the issuers — before weighing in on S-1 registration statements for each of the planned funds. There could…

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