Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ADOPTION NEWS»NYSE Arca Proposes Rule Changes for Bitwise Ethereum ETF Listing
ADOPTION NEWS

NYSE Arca Proposes Rule Changes for Bitwise Ethereum ETF Listing

By Crypto FlexsApril 4, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
NYSE Arca Proposes Rule Changes for Bitwise Ethereum ETF Listing
Share
Facebook Twitter LinkedIn Pinterest Email

NYSE Arca proposes rule changes for the listing and trading of the Bitwise Ethereum ETF under Rule 8.201-E, which would allow exposure to the value of Ether and establish a net asset value.

Self-regulatory body NYSE Arca has filed a rule change proposal with the Securities and Exchange Commission (SEC) to list and trade shares of the Bitwise Ethereum ETF. The proposed rule changes were submitted March 28, 2024, and are currently seeking public comment.

Under the proposed rule change, the Bitwise Ethereum ETF will be listed under NYSE Arca Rule 8.201-E, which specifically addresses commodity-based trust shares. These shares represent the investor’s identifiable, undivided, individual beneficial ownership interest in the instruments deposited in the trust.

The Bitwise Ethereum ETF, which operates as a Delaware statutory trust, aims to provide exposure to the value of Ether held by the trust through investment objectives focused on tracking Ether performance. The Trust sets the Net Asset Value (NAV) at the end of each business day based on the CME CF Ethereum Reference Rate (New York Variant (Price Index)). The price index is designed to provide a reference rate for the price of one U.S. dollar unit of Ether using the same methodology as the CME CF Ether Reference Rate.

The trust’s assets mainly consist of Ethereum and cash. We do not hold any cryptocurrency assets other than Ethereum and have expressly disclaimed any ownership of such assets. Coinbase Custody Trust Company, LLC serves as custodian of Ether, and Bank of New York Mellon serves as cash custodian, custodian, and transfer agent for the trust.

The proposed rule changes and the operation of the Bitwise Ethereum ETF are detailed in the filing, which can be accessed on the NYSE Arca website, the exchange’s headquarters, and the Commission’s public reference room.

Interested parties and interested parties are invited to submit comments to the SEC on the proposed rule changes. The regulator will carefully consider these comments as part of its review process.

In conclusion, NYSE Arca has filed proposed rule changes to list and trade shares of the Bitwise Ethereum ETF, which aims to provide exposure to the value of Ethereum. The trust sets its NAV using the CME CF Ether reference rate and operates as a Delaware statutory trust with a designated custodian for its ether and cash holdings. The SEC is currently accepting public comments on proposed rule changes.

Image source: Shutterstock

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

Gala Games improves leader board rewards and introduces preference systems.

June 20, 2025

Ether Leeum Whale starts a $ 11 million leverage betting in the 30% increase in ETH prices.

June 12, 2025
Add A Comment

Comments are closed.

Recent Posts

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025
Most Popular

Horizen Team Deploys Proof-Verification Chain on Testnet

April 1, 2024

Bitcoin Rune Revival? Why Asian Institutional Investors Can Drive Growth

June 3, 2024

Binance Launches Crypto Plant Collection Game with 2 Million Point Reward Pool

November 2, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.