The post Analysts Predict July 15 Launch for Spot Ethereum ETF appeared on BitcoinEthereumNews.com.

Asset manager Bitwise recently updated its S-1 filing for its spot Ethereum exchange-traded fund (ETF). The regulator approval process for this ETF remains critical, with industry experts closely monitoring developments. Bitwise’s Latest Filing Signals A Step Closer to Spot Ethereum ETF Listing Bitwise submitted its updated S-1 form to the US Securities and Exchange Commission (SEC) on Wednesday. The firm’s latest filing includes a six-month fee waiver plan for up to $500 million. This move mirrors the strategy of VanEck, another potential spot Ethereum ETF issuer, which has also introduced a fee waiver for its ETF until 2025 or until the fund reaches $1.5 billion in assets. Read more: Ethereum ETF Explained: What It Is and How It Works However, Bitwise’s updated S-1 form does not specify an exact launch date for the listing and trading on the New York Stock Exchange (NYSE) Arca. The form only stated that it will happen “as soon as practicable after the effective date” of the registration. BeInCrypto reported that Bitwise had also updated its S-1 form earlier in June. In its June update, the asset manager revealed details of the creation and redemption process for its Ethereum ETF shares. Additionally, it disclosed that Bitwise’s affiliate plans to buy initial baskets of shares valued at $2.5 million and venture capitalist Pantera Capita’s interest in purchasing up to $100 million shares. Analysts have been closely monitoring the developments around the potential launch of the spot Ethereum ETF. James Seyffart, an ETF analyst at Bloomberg Intelligence, pointed out that the recent amendments to Bitwise’s S-1 filing were minimal. He suggested that the ETFs could be ready for listing within a few weeks. “We’ve got another amended S-1 from Bitwise for their Ethereum ETF. Expect more from other issuers throughout the rest of the week. We’re thinking these…

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Filed under: News - @ July 4, 2024 11:20 am