Bitwise Says SEC Is Open to ETFs Beyond Bitcoin and Ethereum, ETH ETF Nears Final Stage
Join us telegram Stay up to date with the latest news coverage by subscribing to our channels.
Bitwise says the U.S. Securities and Exchange Commission (SEC) is actively discussing cryptocurrency ETFs (exchange-traded funds) in addition to Bitcoin and Ethereum, meaning the launch of a physical ETH ETF is imminent.
“We have actually discussed with the SEC the possibility of doing new products going forward,” Kathryn Dowling, Bitwise’s chief compliance officer, told Bloomberg in a July 9 interview. “I think the communication with the SEC about the prospects for these products has been really welcome.”
But she added that additional approvals would be difficult unless Gary Gensler is replaced as SEC Chairman in January.
Ethereum ETF to Launch in the US Soon
Dowling also said she has worked in eight states across the United States. Ethereum It looks like the ETF could start trading soon.
“There are fewer and fewer issues being discussed between issuers and the SEC in terms of the S-1 amendment,” she said in a Bloomberg interview. “We’re getting closer to finalizing the offering.”
Bitwise’s Chief Compliance Officer, Catherine Dowling, discusses the company’s Ether ETF application and the potential for new products tied to cryptocurrencies. https://t.co/hKIvliRCnX pic.twitter.com/PvMFeG4wWU
— Bloomberg Crypto (@crypto) July 9, 2024
After the SEC approved several 19b-4 applications on May 23, spot ETH ETF applicants were waiting for the agency to sign off on the S-1 registration statement. A revised version of this form was filed earlier this month after the SEC released its first feedback round.
Bitwise CIO ‘Excited’ About Products That Let Investors Invest in Ethereum DeFi
According to the asset manager’s chief investment officer, Bitwise has shown interest in offering its own exchange-traded product (ETP) that encompasses Ethereum’s growing ecosystem of layer 2 networks and decentralized applications. Matt Hogan.
“I’m both embarrassed and happy that Bitwise doesn’t have a product like that, because I think it would be a great product.” Hougan said In a May interview.
He added that he has “tremendous confidence” that the Ethereum ecosystem will evolve and grow. An ETH-centric ETP would also allow investors to “own” a portion of all current and future decentralized applications on the Ethereum blockchain, Hougan said.
Related articles:
PlayDoge (PLAY) – The latest ICO on the BNB chain
- 2D Virtual Dodge Pet
- Play to earn Meme Coin Fusion
- Staking and In-Game Token Rewards
- SolidProof Thanks – playdoge.io
Join us telegram Stay up to date with the latest news coverage by subscribing to our channels.