SEC Comment Letter 0000000000-24-007993 to Bitwise Ethereum ETF (ETHW)
Bitwise Ethereum ETF
Date: July 15, 2024 · CIK: 0002013744 · Accession: 0000000000-24-007993
AI Filing Summary & Sentiment
Reasoning
File numbers found in text: 333-278308
Letter
July 15, 2024 Hunter Horsley President and Treasurer Bitwise Ethereum ETF c/o Bitwise Investment Advisers, LLC 250 Montgomery Street, Suite 200 San Francisco, CA 94104 Re:Bitwise Ethereum ETF Amendment No. 3 to Registration Statement on Form S-1 Filed July 3, 2024 File No. 333-278308 Dear Hunter Horsley: We have reviewed your amended registration statement and have the following comment. Please respond to this letter by amending your registration statement and providing the requested information. If you do not believe a comment applies to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing any amendment to your registration statement and the information you provide in response to this letter, we may have additional comments. Unless we note otherwise, any references to prior comments are to comments in our June 28, 2024 letter. Amendment No. 3 to Registration Statement on Form S-1 Risk Factors The digital asset trading platforms on which ether trades..., page 33 1.We note that in response to prior comment 2, you have added disclosure stating that to the extent digital asset trading platforms are regulated, such platforms may not be in compliance with applicable regulations. Please revise this disclosure to clarify that digital asset trading platforms may be subject to regulation but not in compliance.
July 15, 2024 Page 2 Please contact Michelle Miller at 202-551-3368 or Jason Niethamer at 202-551-3855 if you have questions regarding comments on the financial statements and related matters. Please contact Irene Paik at 202-551-6553 or Sandra Hunter Berkheimer at 202-551-3758 with any other questions. Sincerely, Division of Corporation Finance Office of Crypto Assets cc:Richard Coyle
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July 15, 2024
Hunter Horsley
President and Treasurer
Bitwise Ethereum ETF
c/o Bitwise Investment Advisers, LLC
250 Montgomery Street, Suite 200
San Francisco, CA 94104
Re:Bitwise Ethereum ETF
Amendment No. 3 to Registration Statement on Form S-1
Filed July 3, 2024
File No. 333-278308
Dear Hunter Horsley:
We have reviewed your amended registration statement and have the following comment.
Please respond to this letter by amending your registration statement and providing the
requested information. If you do not believe a comment applies to your facts and circumstances
or do not believe an amendment is appropriate, please tell us why in your response.
After reviewing any amendment to your registration statement and the information you
provide in response to this letter, we may have additional comments. Unless we note otherwise,
any references to prior comments are to comments in our June 28, 2024 letter.
Amendment No. 3 to Registration Statement on Form S-1
Risk Factors
The digital asset trading platforms on which ether trades..., page 33
1.We note that in response to prior comment 2, you have added disclosure stating that to the
extent digital asset trading platforms are regulated, such platforms may not be in
compliance with applicable regulations. Please revise this disclosure to clarify that digital
asset trading platforms may be subject to regulation but not in compliance.
July 15, 2024
Page 2
Please contact Michelle Miller at 202-551-3368 or Jason Niethamer at 202-551-3855 if
you have questions regarding comments on the financial statements and related matters. Please
contact Irene Paik at 202-551-6553 or Sandra Hunter Berkheimer at 202-551-3758 with any
other questions.
Sincerely,
Division of Corporation Finance
Office of Crypto Assets
cc:Richard Coyle