Bitwise files with SEC for spot ether ETF listing
Asset management firm Bitwise has filed with the United States Securities and Exchange Commission (SEC) to list and trade shares of its space ether (ETH) exchange-traded fund, or ETF.
In the year In a March 28 filing, Bitwise filed a Form S-1 registration statement with the SEC for Ethereum ETF shares. The filing comes amid speculation that the SEC is looking to delist the Ether security under its purview, casting doubt on future spot ETF listings.
Based on a 19b-4 amendment filing with the SEC, Bitwise intends to list shares of its ETH investment vehicle on the NYSE Arca. The asset manager was one of the first to receive approval from the SEC to list and trade the space's Bitcoin (BTC) ETF shares in January.
Related: 3 Theories Why the SEC May Be Looking at Ethereum: Crypto Lawyer
The final SEC deadline to approve or deny the next spot ETH ETF applications comes on May 23, starting with VanEck's investment vehicle. Although many experts seem optimistic about a 2023 approval, some have pointed to 2024 as the Commission may reject applications.
Several firms, including Fidelity, Hashdex and ARK 21Shares, have ETH ETF applications pending approval or rejection. The SEC began approving investment vehicles linked to Ether futures in October 2023.
Magazine: Ether EFAs Face Senate Opposition, Wright Satoshi Doesn't, and Denkun Goes Live: Hodler's Digest, March 10-16
