- BlackRock and Bitwise have filed updated applications for spot Ethereum ETFs, aiming to secure SEC approval.
- Leading asset managers BlackRock and Bitwise have taken a pivotal step towards securing approval for spot Ethereum (ETH) exchange-traded funds (ETFs).
- Both firms have filed updated applications with the U.S. Securities and Exchange Commission (SEC), revising their filings in response to the agency’s request for additional information amid impending approvals.
BlackRock and Bitwise update their spot Ethereum ETF applications, signaling a significant move towards potential SEC approval.
Asset giants BlackRock and Bitwise revise Ether ETF filings
BlackRock, the world’s largest asset manager with $9 trillion in assets under management, has filed an updated 19b-4 form for its spot Ethereum ETF application. The move comes as the firm aims to capitalize on the SEC’s shifting stance towards cryptocurrency-based ETFs.
Bitwise joins the race for Ethereum ETF approval
Bitwise Asset Management is joining BlackRock in the race for a spot in the ETH ETF. The firm has also submitted an updated application, aligning with the SEC’s requirements as the agency prepares for potential approvals.
Conclusion
The updated applications by BlackRock and Bitwise mark a significant step towards the potential approval of spot Ethereum ETFs by the SEC. As the regulatory landscape evolves, these developments could pave the way for broader acceptance and integration of cryptocurrency-based financial products.
