Bitwise, an asset management firm, has updated its S-1 registration with the SEC to allow for the trading of shares of a spot Ether ETF. The filing, made on July 3, includes a fee waiver for six months up to $500 million. While no specific launch date was mentioned, trading on NYSE Arca is expected shortly after the registration becomes effective. Despite delays in SEC approvals, the launch of the spot Ether ETF is still anticipated this month. In contrast to Ether, the SEC approved spot Bitcoin ETF filings earlier this year. Bitwise's initial S-1 filing for the Ether ETF in March raised concerns about ETH being labeled a security, but recent court filings suggest otherwise. Investors are eagerly awaiting the SEC's decision, with Chair Gary Gensler hinting at a potential approval sometime this summer. Read more AI-generated news on: https://app.chaingpt.org/news