Bitwise filed for a spot ethereum ETF on Thursday.
The company, which launched a spot bitcoin ETF back in January, also has an ethereum futures ETF, known as the Bitwise Ethereum Strategy ETF (AETH).
The potential issuer dropped its 19b-4 and S-1 documents side-by-side Thursday, following Fidelity, which filed its S-1 for its proposed fund earlier this week.
Unlike some of its potential competitors, the Bitwise S-1 lacks any language around staking. Ark 21Shares, Fidelity and a few others included such language in earlier filings.
לייענען מער: Ark 21Shares אַמענדיז אָרט יטער ETF פאָרשלאָג צו אַרייַננעמען סטאַקינג שפּראַך
Bitwise would list the ETF on the NYSE, similarly to its bitcoin ETF. The S-1 didn’t include a ticker or fee.
The 19b-4 did, however, include a correlation analysis designed to “replicate the specific methodology used by the [Securities and Exchange Commission].”
“We believe the results show strong correlation between the ETH spot market and CME ETH futures market, at a level substantially similar to the findings of the SEC’s analysis in the spot bitcoin ETF approval order,” Bitwise געשריבן אין אַ פּאָסטן אויף X.
לייענען מער: פאַדעליטי נעמט אן אנדער שריט צו אָרט יטער ETF, אָבער כערדאַלז מיסטאָמע בלייבן
Hope around a May approval for the proposed ether ETFs has dwindled in the last month, as Bloomberg analysts Eric Balchunas and James Seyffart noted that the SEC has yet to engage with potential issuers. Within a few months of the spot bitcoin ETF approval — which happened in January — the SEC was engaged with issuers to hash out key details.
Grayscale’s Craig Salm said that he doesn’t think the “perceived lack of engagement from regulators should be indicative of one outcome or another.”
“Spot Ethereum ETFs will gather more assets if they launch in December vs. if they launch in May. [Traditional finance] needs more time to digest the bitcoin ETFs,” Matt Hougan, Bitwise’s chief investment officer, האט at the Digital Assets Summit earlier this month.
The SEC has delayed multiple decisions on the spot ETH ETFs, as expected, until late May.
דו זאלסט נישט פאַרפירן די ווייַטער גרויס דערציילונג - פאַרבינדן אונדזער פריי טעגלעך נוזלעטער.
Source: https://blockworks.co/news/bitwise-files-for-spot-ether-etf