Fidelity, Grayscale, and several other major financial institutions have submitted S-1 amendments for spot Ethereum ETFs. According to Nate Geraci, president of The ETF Store, the amendments were filed by Franklin, Fidelity, CoinShares, Bitwise, Grayscale, VanEck, and Canary. These filings include provisions for collateralization, which is seen as a positive development for the approval of spot Ethereum ETFs. The amendments are anticipated to receive approval within the next two weeks.