Ethereum spot ETF new progress: issuer response and large investment
Concept currency: $ETH (+3.4%)
1. Ethereum spot ETF issuer responds to SEC comments
According to people familiar with the matter, the proposed Ethereum spot ETF issuer has received comments from the U.S. Securities and Exchange Commission (SEC) on the S-1 document and plans to submit a response by Friday this week. The comments are considered "reasonable" and are expected to be approved soon.
SEC Chairman Gary Gensler said the time to approve the S-1 will depend on how quickly the issuer responds to the SEC's feedback. In May of this year, the 19b-4 form for the Ethereum spot ETF was approved, and the issuer subsequently submitted the first round of S-1 drafts.
2. Bitwise submits S-1 revisions, Panterra plans to invest $100 million
Bitwise has submitted an Ethereum spot ETF S-1 revision to the SEC, which includes changes after the SEC's first round of comments, but it is unclear whether more rounds of comments are needed. Bloomberg ETF analyst James Seyffart said the documents cannot determine when the product will be launched, but it is expected to be released before July 4.
In addition, Panterra plans to invest $100 million in Bitwise's Ethereum ETF (ETHW), and Panterra has previously invested $200 million in Bitwise's Bitcoin ETF (BITB).
The progress of the Ethereum spot ETF has attracted widespread attention from the market. The issuer is about to respond to SEC comments, which is expected to accelerate the approval process. At the same time, Bitwise submitted revised documents and obtained Panterra's $100 million investment commitment, further demonstrating the market's confidence in the Ethereum ETF. As these developments progress, the market's expectations for the Ethereum spot ETF are increasing, and more important developments are expected in the coming weeks.
