Despite the apparent vestment instruments linked to Ether futures in October, The SEC has not determined spot exchange-traded funds (ETFs) for Ether on American exchanges

The US Securities and Exchange Commission (SEC) has received a filing from asset management company Bitwise listing and trading shares of a spot Ether ETH $3,565 exchange-traded fund, or ETF.

Bitwise submitted a Form S-1 registration statement for shares of its Ethereum ETF to the SEC on March 28. The filing was made amid rumors that the SEC intended to classify Ether as securities under its regulatory authority, raising concerns about future listing spot ETFs.

Bitwise plans to issue shares of the ETH investment vehicle on NYSE Arca, according to a 19b-4 modification filing submitted to the SEC. In January, the asset manager was among the first to receive SEC clearance for listing and trading shares of its spot, Bitcoin BTC $70,387 ETF.

VanEck’s investment vehicle will be the first to be approved or denied in the upcoming round of spot ETH ETF applications by the SEC, with the final deadline being May 23. While several experts appeared to be bullish about approval in 2023, others have stated that the commission may still reject applications in 2024.

Spot Ethereum ETF applications are pending approval or rejection from several firms, including Hashdex, ARK 21Shares, and Fidelity. In October 2023, the SEC started to approve investment vehicles linked to Ether futures.