Asset manager Bitwise submitted an updated registration statement for its proposed spot Ethereum ETF with regulators on Wednesday, disclosing its plans to waive fees. While largely procedural, this latest revision is seen by market observers as a sign that the launch of Ethereum ETFs is imminent.
“Expect more from other issuers throughout the rest of the week,” Bloomberg ETF analyst James Seyffart wrote on Twitter (aka X). “We’re thinking these things could potentially [be listed] later next week, or the week of the 15th at this point.”
After shares in the Bitwise Ethereum ETF are listed on an exchange, Bitwise will waive a yet-to-be-defined management fee on the first $500 million its fund garners during that period, the amended filing with the Securities and Exchange Commission (SEC) stated.
Bitwise’s move follows similar ones from Franklin Templeton and VanEck. Both…
