Ramazan Eles 
Asset management firm Bitwise has updated its S-1 filings to establish a spot Ethereum ETF. The move comes as the deadline for issuers to submit updated S-1 forms to the SEC approaches. The deadline is July 8th. Bitwise’s early filing suggests that the products are close to launch.
Market experts anticipate that the US Securities and Exchange Commission (SEC) will approve spot Ethereum ETFs by the end of next week. Spot Ethereum ETFs are expected to hit the market within the next two weeks.
Bloomberg ETF analyst James Seyffart said, “We’ve got an updated S-1 from Bitwise for their Ethereum ETF. We expect to see more from other issuers over the rest of the week. At this stage, we think these are going to list either late next week or the week of July 15th.”
Gemini’s research suggests that Ethereum could attract $5 billion in investment through spot ETFs in the first six months.
The SEC has not demanded significant changes from firms applying to establish spot Ethereum ETFs. Analysts are puzzled as to why these products have yet to be approved.
Bloomberg analyst Eric Balchunas said, “No one knows why the SEC is dragging its feet. Given how minor the comments were, these should have been approved already.”
Balchunas suggested that one of the issuers could be holding things up or that people are just being lazy because it’s summer.
You can type your opinions as comments about the topic. Furthermore, you can follow us on Telegram and YouTube for news and more.