Asset management firm Bitwise has filed an amended S-1 form for its Ethereum spot ETF quxy with the U.S. Securities and Exchange Commission (SEC).
In a filing dated July 3, Bitwise Satisfied Revision announced its 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 S-1 becomes effective.”
Source: SEC
Bitwise filed an amended S-1 ahead of the July 8 deadline, suggesting the company could begin trading after the U.S. Independence Day holiday, according to Bloomberg ETF analyst Eric Balchunas. said SEC is “taking its time” to greenlight eventual approval of an Ether ETF.
Since 19b-4 filings of 8 spot Ether ETFs — including Bitwise — were approved by the SEC on May 23, crypto-focused investors have been eyeing the potential transaction approval date. SEC Chairman Gary Gensler said during a Senate Banking Committee hearing in June that the commission could approve the S-1 filing “sometime this summer” but did not provide a specific date.
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According to Cointelegraph
