Home CryptocurrencyBitcoin Bitwise Files with SEC for Ether Spot ETF Listing

Bitwise Files with SEC for Ether Spot ETF Listing

by SuperiorInvest

Asset management company Bitwise has filed an application with the United States Securities and Exchange Commission (SEC) to list and trade shares of a spot Ether (ETH) exchange-traded fund, or ETF.

In a March 28 filing, Bitwise filed a registration statement on Form S-1 with the SEC for shares of its Ethereum ETF. The filing came amid speculation that the SEC was seeking to label Ether as a security under its regulatory purview, putting future spot ETF listings in doubt.

According to a 19b-4 amendment filed with the SEC, Bitwise intends to list shares of the ETH investment vehicle on NYSE Arca. The asset manager was one of the first to gain SEC approval to list and trade shares of its Bitcoin (BTC) spot ETF in January.

Fountain: Bit by bit

Related: Three Theories Why the SEC May Be Eyeing Ethereum: Crypto Lawyer

The SEC's final deadline to approve or deny the next round of ETH spot ETF applications will arrive on May 23, starting with VanEck's investment vehicle. Although many experts seemed optimistic about approval in 2023, some have suggested that by 2024 the commission could reject applications.

Several companies have ETH ETF applications pending approval or denial, including Fidelity, Hashdex, and ARK 21Shares. The SEC began approving investment vehicles linked to Ether futures in October 2023.

Magazine: Ether ETFs face Senate opposition, Wright is no Satoshi, and Dencun hits the ground running: Hodler's Digest, March 10-16

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