Bitwise Files Amendment to ETH Spot ETF S-1

IconCryptoNewsTerminal Staff03 Jul, 2024

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Bitwise Files Amendment to ETH Spot ETF S-1

Bitwise, a leading provider of cryptocurrency index funds, has filed an amendment to their Ether Spot ETF S-1. This is a significant step in the process of launching an exchange-traded fund (ETF) that tracks the price of Ether, the second-largest cryptocurrency by market capitalization. The amendment to the S-1 filing includes new information about the ETF's investment strategy, fees, and risks. Bitwise has not yet announced the fee structure for the ETF, but it is expected to be released next week. The launch of an Ether Spot ETF would be a major milestone for the cryptocurrency industry. It would provide investors with a new way to gain exposure to Ether, and it would help to legitimize the asset class.

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