Ethereum

United

<ul>
 <li>Bitwise has amended its S-1 filing with the SEC to list and trade a spot Ethereum ETF.</li>
 <li>Analysts anticipate an Ethereum ETF launch around July 8 or 15, pending SEC processing of required filings.</li>
</ul>
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).&nbsp;
According to a <a href="https://www.sec.gov/Archives/edgar/data/2013744/000199937124008247/bitwise-s1a_070324.htm" target="_blank" rel="noopener noreferrer nofollow">filing</a> on July 3, the firm has revised its SEC S-1 registration to propose trading shares of a spot Ethereum ETF, including a six-month fee waiver for up to $500 million. While specific trading commencement details on NYSE Arca are yet to be confirmed, Bitwise aims to take action promptly upon the S-1’s effectiveness.
The Bitwise move follows the SEC’s <a href="https://thenewscrypto.com/sec-approves-spot-ethereum-etf-marking-a-new-milestone-for-eth/" target="_blank" rel="noopener noreferrer nofollow">approval</a> of 19b-4 forms for eight Ethereum ETFs in late May, setting the stage for potential market openings pending S-1 clearance. However, actual trading awaits the effectiveness of their S-1 statements, a procedural step that heightens market anticipation for the launch.
<h3 class="wp-block-heading" id="h-sec-to-approve-ethereum-etf-in-mid-july">SEC to Approve Ethereum ETF in Mid-July&nbsp;</h3>
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.&nbsp;
Amidst these developments, the Ethereum market sends <a href="https://thenewscrypto.com/eth-sends-mixed-signals-as-spot-ethereum-etf-launch-in-july/" target="_blank" rel="noopener noreferrer nofollow">mixed signals</a> with a 4.5% decline in the past 24 hours, marking a drop to the $3,100 range. Despite market challenges, the scheduled ETF launches remain a focal point for market participants, expecting potential listings later in July following regulatory green lights.
Highlighted News Of The Day
<a href="https://thenewscrypto.com/can-polygon-matic-rebound-amid-losing-its-top-20-spot/" target="_blank" rel="noopener noreferrer nofollow">Can Polygon (MATIC) Rebound Amid Losing Its Top 20 Spot?</a>

Bitwise Advances Ethereum ETF Filings and Expects to Launch Next Week

Spis treści

TheNewsCrypto

Inne artykuły opublikowane 4 lip 2024

Pixelverse Welcomes MEW: Solana Meme Coin Cat Claws Its Way into Telegram Gaming

Neo (NEO) Price Prediction 2025, 2026, 2027, 2028, 2029 and 2030

Free Crypto Airdrops List 2024

Binance Blockchain Week Dubai 2024: Exciting Blockchain Experience Awaits

XRP Takes Bearish Turn As Whale Offloads 65M Coins, What’s Next?

Bitcoin Price Prediction: BTC Briefly Falls Below $58K On Coinbase As Investors Flock To This Lea...

Zapisz się na bezpłatny newsletter i otrzymuj codzień aktualności ze świata kryptowalut!