Fun

Ethereum ETFs ‘close to the finish line’ — Bitwise exec

News Feed - 2024-07-10 02:07:43

Brayden Lindrea3 hours agoEthereum ETFs ‘close to the finish line’ — Bitwise execBitwise’s chief compliance officer Katherine Dowling says “fewer and fewer” issues in the S-1 filings are being pushed back and forth between the SEC and prospective ETF issuers.2261 Total views7 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksA roster of eight United States-based spot Ether exchange-traded funds (ETFs) are inching closer to going live, but crypto asset manager Bitwise’s chief compliance officer Katherine Dowling says an exact launch date remains unknown.


“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,” Dowling told Bloomberg on July 9.“So that points all signs in the direction that we are close. We’re close to the finish line on the launch.”


Form S-1s provide information about the issuer and the securities they intend to offer. Once approved, the products can launch.


US Securities and Exchange Commission ChairGary Gensler recently predicted that the spot Ether (ETH) ETFs will launch sometime in the summer.


“Everyone has a different definition of summer. It’s been a little bit of a long, hot summer for the issuers waiting,” Dowling said.Bitwise Chief Compliance Officer Katherine Dowling discusses her firm's Ether ETF application and the potential for new products tied to crypto https://t.co/hKIvliRCnX pic.twitter.com/PvMFeG4wWU— Bloomberg Crypto (@crypto) July 9, 2024


Several spot Ether ETF issuers have been waiting for six weeks to have their S-1 registration statements signed off by the SEC after the regulator approved several 19b-4 filings on May 23.


The issuers submitted their amended S-1s in early July after the securities regulator provided a first round of feedback.


Bitwise’s chief investment officer Matt Hougan speculated that the spot Ether ETFs could attract up to $15 billion in inflows in the first 18 months of trading — roughly the same amount that the spot Bitcoin ETFs have mustered since launching six months ago.SEC is open to funds beyond BTC and ETH


Dowling revealed that the SEC has also been open to discussions concerning non-Bitcoin and Ether products as well.


“We’ve actually dialogued with the SEC about the possibility of what’s coming down the pipe with new products,” Dowling said.“I think our communication with the SEC about the prospects for these products has actually been quite welcoming.”


The Chicago Board Options Exchange (CBOE) filed applications to list spot Solana (SOL) ETFs on behalf of VanEck and 21Shares on July 8.


Related:Invesco Ether ETF sets fees at 0.25% as competition among issuers heats up


However, Dowling isn’t confident that a third spot cryptocurrency ETF will be approved under Gensler’s leadership.


Senior Bloomberg ETF analyst Eric Blachunas made a similar observation on July 9, saying that a spot Solana ETF application would likely be “dead on arrival” if Biden were to be re-elected and Gensler kept on as the head of the financial regulator.


X Hall of Flame:Ethereum’s recent pullback could be a gift — Dynamo DeFi# Business# Ethereum# SEC# Adoption# Ethereum ETF# Bitcoin ETFAdd reaction

News Feed

Socios.com Will Invest $100 Million in FC Barcelona Metaverse Push
Socios.com Will Invest $100 Million in FC Barcelona Metaverse Push Socios.com, a company dedicated to the development of fan engagement tokens for sports organizations, has reveale
Chinese Platforms to Test Metaverse Tech During Qatar World Cup 2022 Broadcasts
Chinese Platforms to Test Metaverse Tech During Qatar World Cup 2022 Broadcasts Several Chinese platforms are introducing metaverse tech in their coverage of Qatar’s 2022 soc
Polkadot – Vitalik’s Nightmare or a Blockchain Dream Come True?
Polkadot – Vitalik’s Nightmare or a Blockchain Dream Come True? Although it’s possible to draw comparisons between almost any two blockchain developmen
Emergency ‘wall of liquidity’ to prop up yen bullish for Bitcoin — Swan
Ciaran Lyons5 hours agoEmergency ‘wall of liquidity’ to prop up yen bullish for Bitcoin — SwanSwan Bitcoin’s Dante Cook suggests that Bitcoin could benefit from the declining Japanese yen, depending on what the U
ETH Mixer Tornado Cash Reveals Blocking OFAC Sanctioned Ethereum Addresses via Chainalysis Oracle Contract
ETH Mixer Tornado Cash Reveals Blocking OFAC Sanctioned Ethereum Addresses via Chainalysis Oracle Contract According to the project’s official Twitter account, Tornado Cash,
Turner Wright5 hours agoWill Sam Bankman-Fried fix his case when he takes the stand?The former FTX CEO will take the stand in his own defense. Will it be enough to counter the narrative introduced by former employees and
Report: Reddit Co-Founder Alexis Ohanian’s Seven Seven Six Targets $177M for a Crypto-Centric Fund Called Kryptós
Report: Reddit Co-Founder Alexis Ohanian’s Seven Seven Six Targets $177M for a Crypto-Centric Fund Called Kryptós According to a recent report, the venture capital firm founded
Bitcoin Spot ETFs Register $2 Billion Inflows As Institutional Demand Surges – Details
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Gibraltar Updates Distributed Ledger Framework to Align With FATF Crypto Regulations
Gibraltar Updates Distributed Ledger Framework to Align With FATF Crypto RegulationsThe Gibraltar Financial Services Commission (GFSC) has updated its guidance notes for distributed
Chairman of Nigerian Economic Crimes Commission: Crypto Growth Is a ‘Far Greater Danger to the World Economy’
Chairman of Nigerian Economic Crimes Commission: Crypto Growth Is a "Far Greater Danger to the World Economy" The chairman of Nigeria’s Economic and Financial Crimes Commiss
Layer-2 rollups must decentralize sequencers or face the consequences
Tom Ngo16 hours agoLayer-2 rollups must decentralize sequencers or face the consequencesCentralized sequencers achieve higher throughputs and performance, but they also create severe security risks — illustrated by a $
Tokenizing music catalogs: The next frontier for Web3 and music industry
Savannah Fortis10 hours agoTokenizing music catalogs: The next frontier for Web3 and music industryAt the Proof of Talk 2024 conference in Paris, Serio Mottola, CEO of Music Protocol, advocated for integrating blockchain