Correspondence 0001999371-24-008742 from Bitwise Ethereum ETF (ETHW)
Bitwise Ethereum ETF
Date: July 17, 2024 · CIK: 0002013744 · Accession: 0001999371-24-008742
AI Filing Summary & Sentiment
Reasoning
File numbers found in text: 333-278308
Letter
Via EDGAR Correspondence United States Securities and Exchange Commission Division of Corporation Finance Office of Crypto Assets 100 F Street, N.E. Washington, D.C. 20549 Re: Bitwise Ethereum ETF File No. 333-278308
Dear Ms. Miller and Mr. Niethamer:
This letter responds to your comments regarding amendment no. 3 to the registration statement filed on Form S-1 for the Bitwise Ethereum ETF (the “Trust”) with the Staff of the Securities and Exchange Commission (the “Staff”) on July 3, 2024 (the “Registration Statement”). Capitalized terms used herein, but not otherwise defined, have the meanings ascribed to them in the Registration Statement.
Comment 1 – Risk Factors – “The digital asset trading platforms on which ether trades are relatively new and largely unregulated, page 33”
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.
Response to Comment
Pursuant to the Staff’s comments, the Registration Statement has been revised accordingly.
********
July 17, 2024
Page 2
Please call me at (312)W 845-3724 or my colleague James Audette at (312) 845-3421 if you have any questions or issues you would like to discuss regarding these matters.
Sincerely yours,
Chapman and Cutler llp
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Richard Coyle
Partner
Chapman and Cutler LLP
320 South Canal Street, 27th Floor
Chicago, Illinois 60606
T 312.845.3724
rcoyle@chapman.com
July 17, 2024
Via EDGAR Correspondence
United States Securities and Exchange Commission
Division of Corporation Finance
Office of Crypto Assets
100 F Street, N.E.
Washington, D.C. 20549
Re:
Bitwise Ethereum ETF
File No. 333-278308
Dear Ms. Miller and Mr. Niethamer:
This letter responds
to your comments regarding amendment no. 3 to the registration statement filed on Form S-1 for the Bitwise Ethereum ETF (the “Trust”)
with the Staff of the Securities and Exchange Commission (the “Staff”) on July 3, 2024 (the “Registration
Statement”). Capitalized terms used herein, but not otherwise defined, have the meanings ascribed to them in the Registration
Statement.
Comment 1 –
Risk Factors – “The digital asset trading platforms on which ether trades are relatively new and largely unregulated, page
33”
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.
Response to Comment
1
Pursuant to the Staff’s
comments, the Registration Statement has been revised accordingly.
********
July 17, 2024
Page 2
Please call me at
(312)W 845-3724 or my colleague James Audette at (312) 845-3421 if you have any questions or issues you would like to discuss regarding
these matters.
Sincerely yours,
Chapman and Cutler llp
By:
/s/ Richard Coyle
Richard Coyle
cc:
Katherine Dowling, Esq., General Counsel of Bitwise Asset Management
James Audette, Esq., Chapman and Cutler LLP