Asset management firm Bitwise has amended its S-1 registration with the United States Securities and Exchange Commission (SEC) to list and trade shares of a spot Ether exchange-traded fund (ETF).
This follows SEC Chair Gary Gensler’s statement that the commission might finalize approvals for spot Ether ETFs by summer 2024, with some analysts anticipating it could happen as early as July.
Bitwise Amends its S-1 Registration
Bitwise filed an updated Form S-1 registration statement with the SEC on July 3. It includes a six-month fee waiver for up to $500 million.
While the filing did not specify an exact launch date for listing and trading on NYSE Arca, it mentioned that this would occur “as soon as practicable after the effective date” of the registration.
Bloomberg ETF analyst Eric Balchunas noted that Bitwise filed the amended S-1 ahead of a July 8 deadline, “Prob just wanted to get it off their plate and from what I hear the last round of comments were ‘literally nothing’
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