Bitwise continues to update S-1 filings, Bloomberg still predicts Ethereum ETF will open for trading soon
Ethereum ETF applicants have begun updating their S-1 filings, with the hope of being approved by the committee soon.
After having their filings returned by the SEC last week, Wall Street organizations proposing to create an Ethereum ETF have begun to submit information before the new deadline of July 8.
The first name is Bitwise, with the submission of an S-1 filing update to the US Securities Commission (SEC) early this morning (July 4). The company said it will waive ETH ETF trading fees for the first 6 months with a maximum asset value of $500 million.
Analyst Eric Balchunas of Bloomberg comments that there are very few obstacles to the approval of an Ethereum ETF at this time, the problem may lie locally with one or two organizations because this is the National Day holiday period. America.
Mr. Balchunas predicted in late June that the SEC could approve an Ethereum ETF earlier this month, but that scenario ultimately did not happen.
Even so, the Bloomberg analyst still maintains his view that the market will see the emergence of an Ethereum ETF this July.
Previously, SEC Chairman Gary Gensler confirmed that the approval process for #etfeth Ethereum was still going smoothly, but did not announce when official transactions would be allowed.
If you have any questions or concerns about the market, please contact me via the phone number in the description
