Ethereum

Shiba

Chair

Gary

Bitwise says the US Securities and Exchange Commission (SEC) has been open to discussions regarding crypto ETFs (exchange-traded funds) beyond just Bitcoin and Ethereum as the launch of spot ETH ETFs inches closer.
“We’ve actually dialogued with the SEC about the possibility of what’s coming down the pipe with new products,” Bitwise’s chief compliance officer Katherine Dowling said in a July 9 interview with Bloomberg.&nbsp;“I think our communication with the SEC about the prospects for these products has actually been quite welcoming.” 
<img decoding="async" src="https://static.news.bitcoin.com/wp-content/uploads/2024/01/shutterstock_2389582873.jpg" alt="Study: Potential Approval of Spot ETF Is Ethereum's 'Strongest Narrative Right Now' – Altcoins Bitcoin News">
Still, she added that additional approvals are unlikely unless Gary Gensler is replaced as SEC Chair in January.&nbsp;
<h2 id="span-style-font-weight-400-ethereum-etfs-close-to-going-live-in-the-us-span">Ethereum ETFs Close To Going Live In The US</h2>
Dowling also said she believes that eight U.S. spot <a href="https://insidebitcoins.com/news/ethereum-price-prediction-eth-soars-5-as-vaneck-and-21-shares-amend-ethereum-etf-filings-as-traders-flock-to-this-p2e-crypto-after-huge-token-burn" rel="noopener noreferrer nofollow">ETH</a> ETFs could soon begin trading.&nbsp;
“We’re seeing in the S-1 amendments that there are fewer and fewer issues that are being vetted back and forth between issuers and the SEC,” she said in the Bloomberg interview. “We’re close to the finish line on the launch.”
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Bitwise Chief Compliance Officer Katherine Dowling discusses her firm's Ether ETF application and the potential for new products tied to crypto <a href="https://t.co/hKIvliRCnX" rel="noopener noreferrer nofollow">https://t.co/hKIvliRCnX</a> <a href="https://t.co/PvMFeG4wWU" rel="noopener noreferrer nofollow">pic.twitter.com/PvMFeG4wWU</a>
 — Bloomberg Crypto (@crypto) <a href="https://twitter.com/crypto/status/1810765341317816433?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 9, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Following the SEC’s approval of several 19b-4 filings on May 23, spot ETH ETF applicants have been waiting for the agency to sign off on their S-1 registration statements. Amended versions of these forms were submitted at the start of the month after the SEC issued its first round of feedback.
<h2 id="span-style-font-weight-400-bitwise-cio-excited-for-a-product-that-lets-investors-buy-into-ethereum-defi-span">Bitwise CIO “Excited” For A Product That Lets Investors Buy Into Ethereum DeFi</h2>
Bitwise has shown interest in offering its own exchange-traded product (ETP) that covers Ethereum’s growing ecosystem of layer-2 networks and decentralized applications, according to the asset manager’s chief investment officer, <a href="https://insidebitcoins.com/news/xrp-price-climbs-2-as-bitwises-matt-hougan-outlines-xrp-and-solana-etf-outlooks-and-this-ai-meme-coin-ico-soars-towards-7-million" rel="noopener noreferrer nofollow">Matt Hougan</a>.
“I’m somewhere between embarrassed and excited with the fact that Bitwise doesn’t have one, because I do think that would be a great product,” Hougan <a href="https://www.forbes.com/sites/digital-assets/2024/03/31/ethereums-newest-etf-applicant-wants-the-sec-to-delay-approvals-until--december/?sh=4819115d333a" rel="noopener noreferrer nofollow">said</a> in a May interview.
He added that he has “extraordinary confidence” that the Ethereum ecosystem will evolve and grow. An ETH-focused ETP will also allow investors to “own” a portion of all of the current and future decentralized applications on the Ethereum blockchain, Hougan said.
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Bitwise Says SEC Open To ETFs Beyond Bitcoin, Ethereum As ETH ETFs Near The Finish line

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