Bitwise has filed its application for a spot Ethereum ETF with the SEC on March 28.
The company submitted an S-1 form for a fund titled the Bitwise Ethereum ETF. Like other similar applications, the fund aims to provide exposure to the value of ETH held in its trust.
The submission includes several vital details, notably that Bitwise aims to list on the NYSE Arca exchange and plans to use Coinbase Custody as a custodian. However, it did not disclose information on the ticker and fees.
Bitwise’s application discusses Ethereum staking as a broad aspect of Ethereum itself. However, the application does not discuss the possibility that the fund will stake ETH and earn returns, unlike competing applications from Ark 21Shares and Fidelity.
Strong futures/spot correlation
NYSE Arca also submitted a related 19b-4 filing on March 28, proposing a rule change to allow it to list Bitwise’s spot Ethereum ETF.
Bitwise contributed an analysis to the filing, which found a “strong correlation”
We współpracy z: https://cryptoslate.com/bitwise-files-spot-ethereum-etf-application/
