Bitwise Files for Spot Ethereum ETF Amid SEC Approval Uncertainty
Updated: March 28, 2024, 3:30 PM EDT
Bitwise has applied for the right to launch a spot ether exchange-traded fund, as questions continue to hover over whether the Securities and Exchange Commission will be able to approve such a product.
Bitwise submitted Form S-1. Because of something called Bitwise. Ethereum 
ETH
+1.50%
At one point, market observers were confident that a spot Ether ETF would get approval since the spot Bitcoin ETF began trading in January. The newly launched product was considered a huge success, generating over $150 billion in transaction volume.
Spot Ether ETF’s Chances Gloom in May
However, Bloomberg ETF analysts recently estimated the possibility of a spot offering. Ethereum exchange traded fund The approval rate is expected to reach around 30% in May.
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About the author
RT Watson is a senior reporter at The Block, covering a variety of topics including US-based companies, blockchain games, NFTs, and more. He previously covered entertainment for The Wall Street Journal and has covered companies including Disney, Netflix, and Warner Bros. and the creator economy, with a primary focus on technological innovation across media. Previously, she covered corporate, economic and political news in Brazil at Bloomberg. She interviewed a wide range of figures for RT, including CEOs, media moguls, top influencers, politicians, blue-collar workers, drug traffickers, and convicted criminals. She holds a Master’s degree in Digital Sociology.
