As a seasoned crypto investor with a deep understanding of the market, I’m thrilled to see BlackRock and Bitwise taking proactive steps towards securing approval for spot Ethereum ETFs. Their revised filings with the SEC are a positive sign that institutional adoption of Ethereum is on the rise.
BlackRock and Bitwise, two prominent asset managers, have made significant strides in gaining SEC approval for Ethereum (ETH) spot exchange-traded funds (ETFs). They have submitted revised applications to the U.S. Securities and Exchange Commission (SEC), providing further information in anticipation of imminent approvals.
Asset giants BlackRock and Bitwise revise Ether ETF filings
With over $9 trillion in assets under management, BlackRock, the globe’s largest asset manager, has submitted an amended 19b-4 form for its proposed Ethereum ETF. This action follows the SEC’s evolving position regarding cryptocurrency-based exchange-traded funds (ETFs), providing BlackRock an opportunity to seize this developing market trend.
Bitwise Asset Management is now vying for a place among the contenders, including BlackRock, in the competition to manage an Ethereum Exchange-Traded Fund (ETF). The company has recently resubmitted its application, tailoring it to match the Securities and Exchange Commission’s (SEC) current guidelines as they prepare for potential approvals.
This is a developing story.
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2024-05-22 18:01