Summary
TLDR: Bitwise filed for a spot ethereum ETF on Thursday, following their successful launch of a bitcoin ETF. The filing lacks language around staking, unlike some competitors. Bitwise plans to list the ETF on the NYSE. Hope for a May approval of ether ETFs has dwindled, as the SEC has not engaged with potential issuers. Grayscale’s Craig Salm believes lack of engagement does not indicate outcome. SEC has delayed decisions on spot ETH ETFs until late May.
Key Points
1. Bitwise filed for a spot ethereum ETF on Thursday. The company also has an ethereum futures ETF and dropped its 19b-4 and S-1 documents side-by-side following Fidelity.
2. Bitwise’s S-1 lacks language around staking, unlike some potential competitors. The company plans to list the ETF on the NYSE and included a correlation analysis in its 19b-4 document.
3. Hope for a May approval for the proposed ether ETFs has dwindled, as the SEC has yet to engage with potential issuers. Grayscale’s Craig Salm and Bitwise’s chief investment officer, Matt Hougan, have shared their perspectives on the matter.