Ethereum

United

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, or ETF.
In a July 3 filing with the SEC, Bitwise <a href="https://www.sec.gov/Archives/edgar/data/2013744/000199937124008247/bitwise-s1a_070324.htm" target="_blank" rel="noopener nofollow">amended</a> its Form S-1 registration statement ahead of schedule, including a six-month fee waiver for up to $500 million. The filing did not include a specific launch date for listing and trading on NYSE Arca but said it would be “as soon as practicable after the effective date” of the registration.
<figure>
 <img src="https://s3.cointelegraph.com/uploads/2024-07/79eb42b0-b065-46f5-84c0-e61bc2583ca9.png">
 <figcaption style="text-align: center;">
 Source: U.S. Securities and Exchange Commission
 </figcaption>
</figure>
According to Bloomberg ETF analyst Eric Balchunas, Bitwise filed the amended S-1 ahead of a July 8 deadline, suggesting it could begin trading after the Independence Day holiday in the United States. Balchunas <a href="https://x.com/EricBalchunas/status/1808579028405625196" target="_blank" rel="noopener nofollow">said</a> the SEC was “taking [its] sweet time” greenlighting final approvals for the spot Ether (<a href="https://cointelegraph.com/ethereum-price">ETH</a>)&nbsp;ETFs, but “all indications launch still on for this month.”
<h2 id="bitcoin-or-ether">Bitcoin or Ether?</h2>
Since the <a href="https://cointelegraph.com/news/sec-spot-ether-etf-approved">approval of the spot Ether ETF</a> 19b-4 filings from eight asset managers — including Bitwise — on May 23, crypto-focused investors have been eyeing the SEC for a potential release date. SEC Chair Gary Gensler said in a June Senate Banking Committee hearing that the commission could <a href="https://cointelegraph.com/news/sec-chair-spot-ether-etf-s1-approvals-summer">sign off on the S-1s</a> “sometime over the course of this summer” but did not provide a specific date.
Related: <a href="https://cointelegraph.com/news/ethereum-price-will-outperform-bitcoin-following-eth-etf-launch-analysts">Ethereum will outperform Bitcoin after ETF launch — K33 Research</a>
In contrast to the investment vehicles tied to Ether, the SEC <a href="https://cointelegraph.com/news/spot-bitcoin-etf-trading-tomorrow-bloomberg-analyst">approved 194-b filings</a> for spot Bitcoin (<a href="https://cointelegraph.com/bitcoin-price">BTC</a>) ETFs and effective S-1 prospectuses in January. 
Bitwise <a href="https://cointelegraph.com/news/bitwise-sec-spot-ether-etf">filed its S-1 with the SEC</a> for shares of a spot Ether ETF in March amid speculation that the regulator was considering labeling ETH a security — court filings from June <a href="https://cointelegraph.com/news/sec-ethereum-investigation-court-consensys">suggested that the commission</a> subsequently dropped the matter.
Magazine: <a href="https://cointelegraph.com/magazine/bitcoin-price-ethereum-etf-thomas-fahrer/">Bitcoin $500K prediction, spot Ether ETF ‘staking issue’— Thomas Fahrer, X Hall of Flame</a>

Bitwise files amended Ethereum ETF S-1 — experts predict July launch

Table of Contents

Cointelegraph

Alte articole publicate pe 3 iul. 2024

Most Promising Crypto Projects for July 2024

Ulasan Kripto Hari Ini: Prediksi XRP US$1,44, Nasib ETH Berikutnya, dan Rollblock Bertenaga AI

Scammers Drain $240,000 in NFTs on Blur Marketplace

Bitcoin or bust: Companies add BTC to treasury for long-term potential

Bittensor Wallet Breach Results in $8M Loss, TAO Token Drops 15%

Crucial Bitcoin (BTC) Call to World's Governments Made by Samson Mow

Join our free newsletter for daily crypto updates!