Bitwise Asset Management has submitted an amended S-1 form to the Securities and Exchange Commission (SEC) for its proposed Ethereum exchange-traded fund (ETF). This filing, completed on Wednesday, came just days before the July 8 deadline
Following this development, Bloomberg ETF analyst James Seyffar predicts that Ethereum ETFs, including Bitwise’s offering, could begin trading within the next two weeks.
On May 23, the SEC approved 19b-4 forms for eight spot Ethereum ETFs, including Bitwise’s product. However, issuers must also have their S-1 statements declared effective before trading can commence.Â
Moreover, Bitwise’s updated S-1 form includes several revisions, most notably a fee waiver for the first $500 million in assets under management. However, the firm has not yet disclosed the fee structure that will apply after this threshold is reached. This competitive pricing strategy aims to attract initial investors to the product.
For instance, VanEck and others are offering similar waivers implying competition among these new financial instruments available for investment purposes. These moves suggest that companies are taking initiatives ahead of entering the market as expected.
Bloomberg ETF analyst James Seyffart noted that multiple issuers are expected to file amended S-1 forms throughout the week, indicating a coordinated effort to meet regulatory requirements.
Also Read: Spot Ether ETF Launch to Boost ETH Over BTC: K33 Research
