Ethereum

Bitcoin ETF

<h2 id="key-points">Key Points</h2>
<ul>
 <li>Despite SEC Chair Gary Gensler’s prediction, the launch of a spot Ethereum ETF remains uncertain.</li>
 <li>SEC’s cautious stance on crypto contrasts with the approval of a Bitcoin ETF under Gensler.</li>
</ul>
<p>Despite the anticipation, the exact launch date of a spot <a href="https://coineagle.com/price/ethereum/" rel="noopener noreferrer nofollow">Ethereum</a> exchange-traded fund (ETF) is uncertain.</p>
<p>Katherine Dowling, Bitwise’s chief compliance officer, remarked on the uncertainty in a recent conversation with Bloomberg.</p>
<h2 id="the-uncertain-launch-of-ethereum-etf">The Uncertain Launch of Ethereum ETF</h2>
<p>Despite Gensler’s prediction of a summer debut for the Ethereum ETF, the exact date remains unclear.</p>
<p>Dowling noted that there are fewer issues being discussed between issuers and the SEC, pointing towards a close launch.</p>
<p>Bitwise was one of the first issuers to submit an amended S-1 form to the SEC ahead of schedule, sparking excitement within the crypto community about the imminent approval of the Ethereum ETF.</p>
<p>However, the delay and uncertainty highlight the SEC’s cautious stance on crypto during the Biden administration.</p>
<h2 id="sec-s-cautious-stance-on-crypto">SEC’s Cautious Stance on Crypto</h2>
<p>Eric Balchunas, Senior ETF Analyst at Bloomberg, suggested that the outcome could depend on the results of the upcoming presidential election.</p>
<p>Dowling echoed this sentiment, stating that it might be a long haul to get some crypto products out in the market due to the lack of futures trading in some potential products.</p>
<p>Despite this, Dowling highlighted the SEC’s potential for positivity during the ETF approval process, noting that their communication with the SEC has been welcoming.</p>
<p>Interestingly, the SEC under Gensler approved a long-awaited <a href="https://coineagle.com/price/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a> ETF.</p>
<p>The Bitcoin ETF has performed exceptionally well since its debut, recording inflows totaling $216.4 million as of the latest update.</p>

Bitwise CCO Lauds Progress: Ethereum ETFs Nearing Completion

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