- Bitwise has amended its S-1 filing with the SEC to list and trade a spot Ethereum ETF.
- Analysts anticipate an Ethereum ETF launch around July 8 or 15, pending SEC processing of required filings.
In the realm of cryptocurrency investments, developments are unfolding amidst regulatory uncertainty and market fluctuations. Bitwise, an asset management firm, has advanced its plans with the United States Securities and Exchange Commission (SEC) to launch a spot Ethereum exchange-traded fund (ETF).
SEC to Approve Ethereum ETF in Mid-July
Bloomberg analysts Eric Balchunas and James Seyffart emphasize ongoing regulatory processing. They anticipate a series of filings this week from other issuers, hinting at a coordinated effort to meet regulatory compliance
Balchunas stated that Bitwise submitted its amended S-1 ahead of the July 8 deadline and mentioned that the SEC is progressing slowly by taking its sweet time to finalize approvals for spot Ether ETFs. However, he indicated that all signs point to a launch still scheduled for this month.
Additionally, James Seyffart speculated that these ETFs could potentially be listed later next week or during the week of the 15th.
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