Ethereum ETFs, according to Bitwise CCO, are “almost there,” and the SEC is taking new applications

  • Spot ETH ETFs are expected to debut this summer, while other products might require a lengthier wait.

Spot Ethereum ETFs are almost there, according to Bitwise CCO Katherine Dowling, who also mentioned that the SEC is open to talking about other products.

As per Dowling’s July 9 remark to Bloomberg, every S-1 modification suggests a close launch by addressing fewer challenges for the SEC and ETF issuers.

While describing an open time period, Dowling reiterated SEC chair Gary Gensler’s claim that the agency will fully approve issuers’ registration statements throughout the summer.

As per Dowling, Bitwise aims to set itself apart from other contenders—including prominent players in the market like BlackRock and Fidelity—by exhibiting its extensive background as a bitcoin expert.

While many other applicants filed by the deadline of July 8, Bitwise filed its most recent revision on July 3. In subsequent revisions, applicants must still include specific information, such as the sponsor’s payments.

SEC is open to further conversations.

Dowling added that Bitwise had spoken with the SEC about potential new products.

She did, however, concur with Eric Balchunas, a Bloomberg ETF analyst, that certain products might only be allowed by a new SEC chair.

If not, she warned, it might take a long time to bring the products to market because of the track record of prior product approvals and the absence of possible future markets.

Dowling did not specify which products were in issue. As of right now, VanEck and 21Shares’ spot Solana (SOL) ETFs are the only other pending spot crypto ETFs.

As of the time of publication, Bitwise had not filed for a similar product.

Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.

Author: Puskar Pande

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