Asset management firm Bitwise has filed an amended form S-1 for its quxy Ethereum spot ETF with the U.S. Securities and Exchange Commission (SEC).
In a July 3 filing, Bitwise amended its form S-1 registration statement ahead of schedule, including a six-month fee waiver for up to $500 million. The filing did not include a specific launch date for listing and trading on NYSE Arca but said it would be “as soon as practicable after the S-1 becomes effective.”
Source: SEC
According to Bloomberg ETF analyst Eric Balchunas, Bitwise filed its amended S-1 ahead of the July 8 deadline, indicating the company could begin trading after the US Independence Day holiday. Balchunas said the SEC is “taking its time” to give the green light to final spot Ether ETF approval.
Since the 19b-4 filings of eight spot Ether ETFs — including Bitwise — were approved by the SEC on May 23, crypto-focused investors have been eyeing the transaction approval date potential. SEC Chairman Gary Gensler said during a Senate Banking Committee hearing in June that the committee could review the S-1 filing “sometime this summer” but did not provide a specific date can.
https://tapchibitcoin.io/bitwise-ethereum-etf-sec.html
