Bitwise receives SEC approval for spot Ethereum ETF
Other - MAY 28, 2024

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Bitwise receives SEC approval for spot Ethereum ETF

by Released

Bitwise Asset Management, the crypto specialist and the largest crypto index fund manager in America, has announced the historic approval of the New York Stock Exchange’s 19b-4 filing for Bitwise’s first spot Ethereum ETF. Bitwise intends for the fund to begin trading once the SEC declares its S-1 Registration Statement effective.

“We’ve long said that Ethereum is the most exciting programmable blockchain and targets a completely different use case than Bitcoin,” said Bitwise CIO Matt Hougan. “It’s the global supercomputer that’s home to many of crypto’s biggest real-world use cases. Thanks to today’s news, we’re much closer to offering investors professionally managed exposure to ETH, the asset that fuels the Ethereum blockchain, in a format that’s as familiar and easy to trade as a stock. That’s exciting progress indeed.”

Ethereum has become the foundation for some of the most popular applications of crypto today, from stablecoins and non-

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