Bitwise Files Amendments to S-1 for Ethereum ETF Ahead of Launch Deadline
Bitwise filed an amended Form S-1. Ethereum exchange-traded fund (ETF) just days before the July 8 deadline. The move suggests the product is almost ready to launch. Analysts predict these ETFs could start listing in the next two weeks.
Bitwise Files Amended S-1 for Ethereum ETF
Bitwise’s The updated registration form was submitted Wednesday. Analysts are predicting the products will be listed by mid-July. The SEC could approve final drafts by the end of next week, a person familiar with the situation said.
SEC approves 19b-4 forms for eight people Identify Ethereum ETFsIncluding Bitwise on May 23. However, issuers still need to have their S-1 filings in place before trading can begin. This two-step process has the market eagerly awaiting the launch.
Despite the light comments on the S-1 forms, the SEC has taken its time to get approval. It may take a single issuer with problems to get ready in time for the transaction. But expectations for this month’s launch are still high.
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Analysts Confident of near-Term ETF Launch
Bloomberg ETF analyst James Seyffart noted the frequent changes to S-1 forms. He expects more filings from other issuers throughout the week. The pattern suggests a coordinated effort to meet regulatory requirements.
Senior Bloomberg ETF analyst Eric Balchunas expressed surprise at the SEC’s slow pace, speculating on possible reasons including the summer holidays, but confirmed signs that a launch could be planned this month.
The SEC’s return of the S-1 forms with light comments suggests minimal hurdles remain. Analysts see this as the final round of feedback. That has increased confidence in a near-term launch.
Bitwise has made significant updates to its S-1 form. One notable change is the waiver of sponsorship fees for the first $500 million in assets, but the company still has to disclose fees after that threshold.
Another issuer, Van Eckalso announced that it will waive fees at startups. These moves suggest competitive strategies to attract early investors. By waiving fees, these firms aim to lower the barriers to entry for new investors.
The latest changes highlight Bitwise’s proactive approach to regulatory compliance. The company’s updates reflect strategic positioning ahead of its expected market entry. This aligns with a broader trend among issuers to simplify their offerings.
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Maxwell is a crypto-economic analyst and blockchain enthusiast who is passionate about helping people understand the potential of decentralized technology. I write extensively on topics such as blockchain, cryptocurrency, tokens, and more for many publications. My goal is to spread knowledge about this revolutionary technology and its impact on economic freedom and social well-being.
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