Asset management firm Bitwise has updated its SEC registration to launch a spot ETF focused Ether.
The update was filed ahead of schedule on July 3 and also includes a fee waiver for up to $500 million over a six-month period.
While there is no date set for the ETF's listing and trading on NYSE Arca, it is expected to occur shortly after the filing becomes effective.
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Eric Balchunas, ETF analyst at Bloomberg, suggests the ETF could begin trading after the US Independence Day vacation and notes that while the SEC is taking its time approving the ETF, all signs point to a launch this month.