Nov 20 (Reuters) - A spate of filings for spot bitcoin
and ether exchange-traded funds (ETFs), including from
traditional finance heavyweights, has revived the crypto market
that had been crushed by a series of meltdowns last year.
    A spot crypto ETF would track the market price of the
underlying crypto asset, giving investors exposure to the token
without having to buy the currency. The SEC has previously
denied all spot bitcoin ETF applications citing potential for
fraud, but that could soon change after it lost a legal battle
in August.
    
    Here is a pipeline of filings for spot bitcoin ETFs awaiting
approval: 
 Company      Trust/ETF   Filed on    Exchange    Latest
              name                                development 
 BlackRock    iShares     June 2023   If          The world's
              Bitcoin                 approved,   largest asset
              Trust                   will trade  manager filed
                                      on Nasdaq   for the spot
                                      and use     bitcoin ETF in
                                      Coinbase    June buoying
                                      Custody as  crypto markets
                                      crypto      globally.  
                                      custodian   
                                      and BNY     
                                      Mellon as   
                                      cash        
                                      custodian   
 Grayscale    Grayscale   Is seeking  NYSE Arca   In August, a
 Investments  Bitcoin     to convert              federal
              Trust       its spot                appeals court
                          Grayscale               ruled the SEC
                          Bitcoin                 was wrong to
                          Trust                   reject an
                                                  application
                          into an                 from Grayscale
                          ETF                     to create a
                                                  spot bitcoin
                                                  exchange-trade
                                                  d fund.
 Fidelity     Wise        June 2023   Cboe        Fidelity
              Origin                  Global      refiled its
              Bitcoin                 Markets     application in
              Trust                               late June
                                                  after media
                                                  reports said
                                                  the SEC found
                                                  the initial
                                                  paperwork to
                                                  be
                                                  incomprehensiv
                                                  e. 
 Ark Invest   ARK         June 2023   Cboe BZX    The paperwork
 and          21Shares                Exchange    was refiled on
 21Shares     Bitcoin                 with        June 28 for
              ETF                     Coinbase    the third time
                                      Custody as  with the SEC
                                      the         after the
                                      custodian   regulator said
                                      of the      its initial
                                      trust       prospectus
                                                  didn't meet
                                                  the
                                                  requirements
                                                  to prevent
                                                  fraud and
                                                  market
                                                  manipulation. 
 WisdomTree   WisdomTree  June 2023   Cboe BZX    It was refiled
              Bitcoin                 Exchange    for approval
              Trust                   with U.S.   on June 20
                                      Bank, N.A.  after two
                                      as          previous
                                      custodian   rejections.
 Valkyrie     Valkyrie    June 2023   Nasdaq      It filed with
 Digital      Bitcoin                 with        the SEC on
 Assets       Fund                    Coinbase    June 21 to
                                      Custody as  launch under
                                      the         the ticker
                                      custodian   BRRR. The SEC
                                      of the      had in Dec
                                      trust       2021, rejected
                                                  a previous
                                                  filing by NYSE
                                                  Arca to list a
                                                  spot bitcoin
                                                  ETF by
                                                  Valkyrie.
 Invesco and  Invesco     Amended     Cboe BZX    Invesco
 Galaxy       Galaxy      Oct 2023                reactivated
 Digital      Bitcoin                             its Sept 2021
              ETF                                 application to
                                                  launch the
                                                  ETF. 
 HashDex      HashDex     In Sept,    NYSE Arca   SEC has
              Spot        2023,                   delayed the
              Bitcoin     filed to                decision on
              ETF         convert                 the
                          bitcoin                 application.
                          futures                 
                          ETF into a              
                          spot                    
                          bitcoin                 
                          ETF                     
 
   
    Here is a pipeline of spot ether ETFs awaiting approval:    
 Company     Trust/ETF   Filed    Exchange    Latest
             name        on                   development 
 Ark         Ark         Sept     Cboe BZX    Awaiting SEC
 Invest-21S  21Shares    2023     Exchange    approval. Both
 hares       Ethereum                         the companies
             ETF                              partnered to
                                              launch another
                                              suite of
                                              crypto-tied
                                              ETFs this
                                              month.
 BlackRock   iShares     Nov      Nasdaq      Officially
             Ethereum    2023                 filed on Nov.
             Trust                            16, awaiting
                                              SEC approval.
 
    Here are some ether futures-tied ETFs that have been
approved recently:    
 Company           Managed by
 VanEck Ethereum   VanEck
 Strategy ETF      
                   
 Bitwise Ethereum  BitWise Asset Management
 Strategy ETF      
                   
 Bitwise Bitcoin   BitWise Asset Management
 and Ether Equal   
 Weight Strategy   
 ETF               
 Valkyrie Bitcoin  Valkyrie Funds
 and Ether         
 Strategy          
 ProShares Ether   ProShares
 Strategy          
                   
 ProShares         ProShares
 Bitcoin & Ether   
 Equal Weight ETF  
                   
 ProShares Short   ProShares
 Ether Strategy    
 ETF               
 ProShares         ProShares
 Bitcoin & Ether   
 Market Cap        
 Weight Strategy   
 ETF               
 
    Sources: filings, media reports, company statements 
        

    
 (Reporting by Manya Saini and Niket Nishant in Bengaluru;
Editing by Michelle Price and Shounak Dasgupta)