Bitwise Amends S-1 Form for ETH ETF, Signaling Imminent Launch

Bitwise has submitted an amended S-1 form for its Ethereum exchange-traded fund (ETF), signaling that the product is close to being ready for launch. Industry analysts predict that the ETF could start being listed within the next two weeks. The updated registration form is seen as a crucial step towards obtaining approval for the spot ETH ETF, with the U.S. Securities and Exchange Commission (SEC) expected to approve the final drafts by the end of next week. While minor comments have been made on the S-1 forms, it is anticipated that the launch will proceed as planned this month. Multiple issuers have been filing amendments to their S-1 forms, leading to speculation that there is a coordinated effort to meet regulatory requirements and expedite the launch process. Despite the slow pace of the SEC’s approval process, industry experts believe that a launch is imminent. The return of S-1 forms with minimal comments indicates that there are few remaining hurdles to overcome. Both Bitwise and VanEck have waived fees initially to attract new investors, reflecting a broader trend among issuers. However, some analysts caution that spot ETH ETFs might not live up to the hype, with differing opinions on their potential impact on the price of ETH.