Bitwise Says SEC Open To ETFs Beyond Bitcoin, Ethereum As ETH ETFs Near The Finish line

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Bitwise says that the US Securities and Exchange Commission (SEC) is open to discussions on cryptocurrency ETFs (exchange-traded funds) as well as Bitcoin and Ethereum as the launch of the Spot ETH ETF approaches.

“We’ve actually had discussions with the SEC about what new products might look like going forward,” Bitwise Chief Compliance Officer Katherine Dowling said in a July 9 interview with Bloomberg. “I think our communications with the SEC about the prospects for these products have actually been very positive.”

Survey: Potential Spot ETF Approval is Ethereum's

Still, she added, any further approvals are unlikely unless SEC Chairman Gary Gensler is replaced in January.

Ethereum ETF soon to launch in the US

Dowling also said that eight spots in the U.S. Ethereum The ETF may begin trading soon.

“There are fewer and fewer issues in the amended S-1 that are being reviewed multiple times between the issuer and the SEC,” she told Bloomberg in an interview. “The finishing line for the issuance is getting closer.”

The Spot ETH ETF applicant has been waiting for the SEC to sign off on its S-1 registration statement after the SEC approved several 19b-4 filings on May 23. Amended versions of those forms were submitted earlier this month after the SEC issued its initial feedback.

Bitwise CIO “Excited” about product that lets investors buy into Ethereum DeFi

Bitwise has expressed interest in offering its own exchange-traded product (ETP) covering Ethereum’s Layer 2 network and growing ecosystem of decentralized applications, the asset manager’s chief investment officer said. Matt Hogan.

“I’m kind of embarrassed and excited about the fact that Bitwise doesn’t have it, because I think it would be a great product,” Hogan says. Said In an interview in May.

He added that he has “extraordinary confidence” that the Ethereum ecosystem will evolve and grow. Hogan also said that an ETH-focused ETP would allow investors to “own” a piece of current and future decentralized applications on the Ethereum blockchain.

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