Ethereum ETFs could be launched in July after Bitwise submitted the changed S-1 file
Ethereum ETFs could be launched in July after Bitwise submitted the changed S-1 file
- One of the changes to BitWise is that a six-month fee decree of up to $ 500 million has been added.
- analysts assume that the listing of the stock exchange could take place in the course of Julis
- Bloomberg-E-Analyst Eric Balchunas does not know why the SEC "leaves so much time"
Bitwise's wealth management company submitted a changed S-1 registration form for an Ethereum-Spot-Exchange-Traded Fund (ETF) a few days before the deadline on July 8.
Although Bitwise has not yet called the public to the public, the company mentioned that this would "do so soon as soon as possible after the entry into force of this declaration of registration.
"You can expect more from other issuers in the further course of the week," said Bloomberg ETF-Analyst James Seyffart to X. "We think that these things may be possible later next week or in the week of 15th." In June, Bitwise CIO said that Ethereum ETFs could record net inflows of around $ 15 billion in their first 18 months. The update of BitWise follows the approval of eight spot registrations for Ethereum Etf 19b-4 by the Sec in May, including Bitwise. The others are ARK, Blackrock, Fidelity, Franklin Templeton, Grayscale, Investo Galaxy and Vaneck. to X said Bloomberg-E-Analyst Eric Balchunas: "Nobody really knows why the SEC is leaving so much time. In view of the sparse comments, these shares could have been done without any problems." Nevertheless, he believes that the start could take place this month. In particular, the chairman of the SEC, Gary Gensler, said during a meeting of the Senate Bank Committee in June that the Commission was a final approval of the s-1 When the SEC approved 19b-4 in May, the price of Ethereum shot up. It is expected that the value of Ethereum will increase after approval, which gives it the urgently needed upswing in the current economic activity. currently the price of Ethereum is around $ 3,165, since the market is still in minus after a sale.
Source: Coinlist.me
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