{"id":327309,"date":"2024-06-20T14:02:37","date_gmt":"2024-06-20T08:32:37","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=327309"},"modified":"2024-06-20T14:02:37","modified_gmt":"2024-06-20T08:32:37","slug":"bitwise-ceo-hints-at-major-announcement-spot-ether-etf-launch-likely-by-july-4-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bitwise-ceo-hints-at-major-announcement-spot-ether-etf-launch-likely-by-july-4-crypto-news\/","title":{"rendered":"Bitwise CEO Hints At Major Announcement, Spot Ether ETF Launch Likely By July 4 – Crypto News"},"content":{"rendered":"

<\/p>\n

\n

Bitwise CEO Hunter Horsley<\/strong> on Thursday said there will be a major announcement by Bitwise Invest tomorrow. Bitwise<\/a> recently filed an amended spot Ethereum ETF S-1 to disclose a $2.5 million seed investment and Pantera\u2019s interest in putting $100 million in the Ether ETF.<\/p>\n

Bitwise Likely Making An S-1 Filing For Spot Ethereum ETF<\/h2>\n

Hunter Horsley<\/strong>, chief executive officer of Bitwise Invest, took to X on June 20 and revealed a big announcement coming from the company. He said \u201cKeep an eye on Bitwise Invest tomorrow. Something cool.\u201d<\/p>\n

<\/p>\n

While Horsley\u2019s post didn\u2019t mention enough details or points to another S-1 amendment to spot Ethereum ETF, experts believe it will be related to Ether ETF.<\/p>\n

Nate Geraci<\/strong>, president of ETF Store, said a flurry of spot Ethereum ETF S-1 amendments are coming on Thursday and Friday. He believes there\u2019s nothing left for the U.S. SEC to address or comment on as per details in the Bitwise S-1 recent filing.<\/p>\n

Geraci thinks spot Ethereum ETF will launch before July 4 as SEC Chair Gary Gensler<\/a> hinted at the approval of Ether ETFs before the end of summer. The SEC has also closed its Ethereum investigation<\/a>, clearing the way for a potential listing and trading of spot Ether ETFs on exchanges.<\/p>\n

<\/p>\n

<\/p>\n

He expects Bitwise to reveal fees for its spot Ether ETF on Friday. The company charges a 0.20% management fee for Bitwise Bitcoin ETF (BITB).<\/p>\n

\n

Also wouldn\u2019t be surprised to see another issuer or two file for combined spot btc & eth ETF over next week or so\u2026<\/p>\n

\u2014 Nate Geraci (@NateGeraci) June 20, 2024<\/a><\/p>\n<\/blockquote>\n

Also Read: Are Solana, Cardano, Polygon Commodities As US SEC Ends Ethereum Investigation?<\/a><\/strong><\/p>\n

Rise in Interest in Spot Ether ETFs<\/h2>\n

Consensys disclosure about the SEC ended its investigation into Ethereum resulted in a broader crypto market recovery, with ETH price rebounding above $3,500. It indicates a massive interest in the spot Ethereum ETF and expected a similar interest from institutional investors.<\/p>\n

<\/p>\n

ETH price<\/a> jumped 1% in the past 24 hours, with the price currently trading at $3,586. The 24-hour low and high are $3,513 and $3,589, respectively. Furthermore, the trading volume has decreased by 28% in the last 24 hours, indicating a decline in interest among traders.<\/p>\n

However, ETH price can rise further amid S-1 filings by spot Ethereum ETFs. It could bring a potential rebound in the broader crypto market and most likely an altcoin season<\/a>.<\/p>\n

Also Read: VanEck Bitcoin ETF Debuts on Australian Stock Exchange ASX, Will It Get US-Like Response?<\/a><\/strong><\/p>\n

<\/p>\n

<!– <\/p>\n

<\/div>\n

–><\/p>\n

\n
\n

\u2713 Share:<\/p>\n

<\/a><\/p>\n

\n
\n \"coingape\"
\n<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n

<!– <\/p>\n

\n
\n
\n
\n

<\/p>\n

\"\"<\/div>\n
Top Crypto Marketing Firms \/ Agencies 2023; Here\u2019s Best Picks [Updated]\n <\/div>\n

<\/a><\/p><\/div>\n<\/p><\/div>\n

\n
\n

<\/p>\n

\"\"<\/div>\n
Top 10 Web3 Games To Explore In 2023; Here List\n <\/div>\n

<\/a><\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n

–><\/p>\n

\n
\n
\n
\n
\n<!–<\/p>\n
<\/div>\n

–><\/p>\n

Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry. <\/p>\n<\/p><\/div>\n

\n \"\"\"\" <\/div>\n<\/p><\/div>\n<\/p><\/div>\n
\n

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n

<!– <\/p>\n

\n
\n Crypto Stories<\/span><\/p>\n

View all<\/a>\n <\/div>\n

\n
\n
\n
\n <\/p>\n
\"5<\/div>\n
5 Important Highlights from the Recent Fed Meeting <\/div>\n

<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n

\n
\n
\n <\/p>\n
\"ChatGPT's<\/div>\n
ChatGPT\u2019s Next Big Upgrade: What You Need to Know <\/div>\n

<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n

\n
\n
\n <\/p>\n
\"5<\/div>\n
5 Reasons behind Mega Bank\u2019s 2024 Ethereum Price Prediction <\/div>\n

<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n

–><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Bitwise CEO Hunter Horsley on Thursday said there will be a major announcement by Bitwise Invest tomorrow. Bitwise recently filed an amended spot Ethereum ETF S-1 to disclose a $2.5 million seed investment and Pantera\u2019s interest in putting $100 million in the Ether ETF. Bitwise Likely Making An S-1 Filing For Spot Ethereum ETF Hunter […]<\/p>\n","protected":false},"author":2,"featured_media":250724,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-327309","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/327309","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=327309"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/327309\/revisions"}],"predecessor-version":[{"id":327312,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/327309\/revisions\/327312"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/250724"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=327309"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=327309"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=327309"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}