Bitwise Has Filed Corrections to its Application for Spot Ethereum ETF

Expectations for the start of spot Ethereum ETF trading are becoming increasingly positive and experts are of the opinion that it is only a matter of time until final approval.

Bitwise, one of the potential issuers of the Ethereum ETF, has amended its S-1 filing and submitted it to the U.S. Securities and Exchange Commission (SEC), according to Bloomberg analyst Eric Balchunas.

Those corrections were sent earlier than expected, as it was supposed to happen by July 8.

Balchunas, and many others, wonder why the SEC was so slow to approve the S-1 filing, especially given the minimal adjustments the agency requested from issuers.

It could be that one of the issuers is delaying the process, or it could ultimately be a problem within the U.S. regulator’s administration – however, all indications ultimately point to approval as early as this month.

At the time of writing Ethereum is trading for $3,725 after a 4.26% correction over the last 24 hours and $14.6 billion in trading volume.

Alexander Stefanov