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Bitwise Asset Management has submitted an amended S-1 form to the Securities and Exchange Commission (SEC) for its proposed Ethereum exchange-traded fund (ETF). This filing, completed on Wednesday, came just days before the July 8 deadline 
Following this development, Bloomberg ETF analyst James Seyffar predicts that Ethereum ETFs, including Bitwise’s offering, could begin trading within the next two weeks. 
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 UPDATE: We've got another amended S-1 from <a href="https://twitter.com/BitwiseInvest?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@BitwiseInvest</a> for their <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#Ethereum</a> ETF. Expect more from other issuers throughout the rest of the week. We're thinking these things could potentially list later next week or the week of the 15th at this point. <a href="https://t.co/xqVlt9lSGy" target="_blank">pic.twitter.com/xqVlt9lSGy</a>— James Seyffart (@JSeyff) <a href="https://twitter.com/JSeyff/status/1808578852030947728?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">July 3, 2024</a>
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On May 23, the SEC <a href="https://www.cryptotimes.io/2024/05/24/sec-finally-approves-ethereum-spot-etfs/" target="_blank" data-type="link" data-id="https://www.cryptotimes.io/2024/05/24/sec-finally-approves-ethereum-spot-etfs/" rel="noreferrer noopener">approved 19b-4 forms for eight spot Ethereum ETFs</a>, including Bitwise’s product. However, issuers must also have their S-1 statements declared effective before trading can commence.&nbsp; 
Moreover, Bitwise’s updated S-1 form includes several revisions, most notably a fee waiver for the first $500 million in assets under management. However, the firm has not yet disclosed the fee structure that will apply after this threshold is reached. This competitive pricing strategy aims to attract initial investors to the product. 
For instance, VanEck and others are offering similar waivers implying competition among these new financial instruments available for investment purposes. These moves suggest that companies are taking initiatives ahead of entering the market as expected. 
Bloomberg ETF analyst James Seyffart noted that multiple issuers are expected to file amended S-1 forms throughout the week, indicating a coordinated effort to meet regulatory requirements.&nbsp; 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/07/03/spot-ether-etf-launch-to-boost-eth-over-btc-k33-research/" target="_blank" rel="noreferrer noopener">Spot Ether ETF Launch to Boost ETH Over BTC: K33 Research</a> 
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Bitwise Files Amended S-1 for Ethereum ETF Ahead of Launch Deadline

The Crypto Times

Další články publikované 4. 7. 2024

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