Bitwise Files for Spot Ethereum ETF, Adding to Race for SEC Approval

By
Luciano Delgado
1 min read
⚠️ Heads up: this article is from our "experimental era" — a beautiful mess of enthusiasm ✨, caffeine ☕, and user-submitted chaos 🤹. We kept it because it’s part of our journey 🛤️ (and hey, everyone has awkward teenage years 😅).

Bitwise has submitted a filing for a spot Ethereum exchange-traded fund (ETF) in the U.S., amid ongoing questions about SEC approval for such investment vehicles. Bitwise is already managing a significant spot Bitcoin ETF and aims to list the Bitwise Ethereum Trust on the New York Stock Exchange. However, there is skepticism about the approval of the Ethereum ETF in May. The SEC's uncertainty regarding Ethereum's classification as a security adds complexity to the situation and could have a substantial impact on the crypto sector in the U.S. Despite these challenges, Bitwise's filing adds to the competition among firms seeking approval for a spot Ethereum ETF from the SEC.

You May Also Like

This article is submitted by our user under the News Submission Rules and Guidelines. The cover photo is computer generated art for illustrative purposes only; not indicative of factual content. If you believe this article infringes upon copyright rights, please do not hesitate to report it by sending an email to us. Your vigilance and cooperation are invaluable in helping us maintain a respectful and legally compliant community.

Subscribe to our Newsletter

Get the latest in enterprise business and tech with exclusive peeks at our new offerings

We use cookies on our website to enable certain functions, to provide more relevant information to you and to optimize your experience on our website. Further information can be found in our Privacy Policy and our Terms of Service . Mandatory information can be found in the legal notice