HomeEthereumBitwise Chief Compliance Officer believes Ethereum ETFs are nearing approval, SEC considering...

Bitwise Chief Compliance Officer believes Ethereum ETFs are nearing approval, SEC considering other investment options


Spot Ethereum ETFs “Close to the Finish Line” According to Bitwise CCO Katherine Dowling

Spot Ethereum ETFs are on the verge of being approved by the SEC, according to Bitwise CCO Katherine Dowling. In a recent interview with Bloomberg, Dowling expressed optimism about the progress being made towards launching these products, noting that the SEC has been receptive to discussions about other potential offerings.

Dowling highlighted the fact that the SEC and ETF issuers are working through fewer issues with each S-1 amendment, indicating that the launch of spot Ethereum ETFs is imminent. She echoed SEC chair Gary Gensler’s statement that registration statements will be fully approved over the summer, but emphasized that the timeline for approval is still open-ended.

Bitwise, a self-proclaimed “crypto specialist,” aims to differentiate itself from other applicants by leveraging its years of experience and focus on the sector. While many applicants, including industry giants like BlackRock and Fidelity, filed their most recent amendments on July 8, Bitwise submitted its amendment on July 3.

In addition to spot Ethereum ETFs, Bitwise has engaged in discussions with the SEC about potential new products in the pipeline. Dowling described these conversations as positive and welcoming, indicating a potential avenue for future product approvals.

However, Dowling acknowledged that some products may require approval under a new SEC chair, which could prolong the process of bringing them to market. She emphasized the importance of having future markets underlying these products to facilitate their approval.

While Bitwise has not disclosed the specific products under discussion, it is worth noting that VanEck and 21Shares have pending spot Solana (SOL) ETFs awaiting approval. As the industry awaits further developments, Bitwise remains at the forefront of the conversation surrounding the approval of spot crypto ETFs.


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