Asset management firm Bitwise has amended its S-1 registration with the United States Securities and Exchange Commission (SEC) to list and trade shares of its spot Ether exchange-traded fund (ETF). 📝😉

This follows SEC Chairman Gary Gensler's announcement that the commission may end approvals for spot Ether ETFs by summer 2024. Some analysts predict this could happen as early as July. 📈☀️

Bitwise filed an updated Form S-1 registration statement with the SEC on July 3. This includes six months of fee waivers of up to $500 million.

Bitwise filed the amended S-1 ahead of the July 8 deadline. Bloomberg ETF analyst Eric Balchunas speculated on the reasons for the delay in the SEC's approval process.

Bitwise's move comes after the SEC approved spot Ether ETF 19b-4 filings from eight asset managers on May 23. Since then, the crypto investment community has been awaiting further developments from the SEC regarding the potential release date.

Bitwise first filed its S-1 with the SEC for shares of a spot Ether ETF in March. But court filings in June suggested the SEC abandoned that idea.

What are your thoughts? We are waiting your comments! 🚀📊👇