Bitwise
CCO
Katherine
Dowling
said
spot
Ethereum
ETFs
are
“close
to
the
finish
line”
while
noting
that
the
SEC
is
“quite
welcoming”
about
discussions
regarding
other
products.
On
July
9,
Dowling
told
Bloomberg
that
the
SEC
and
ETF
issuers
are
addressing
fewer
issues
in
each
S-1
amendment,
pointing
to
a
close
launch.
Dowling
affirmed
SEC
chair
Gary
Gensler’s
assertion
that
the
agency
will
fully
approve
issuers’
registration
statements
over
the
summer
but
described
an
open
time
frame.
She
said:
“You
know,
everyone
has
a
different
definition
of
summer.
It’s
been
a
little
bit
of
a
long,
hot
summer
for
the
issuers
waiting
….”
Dowling
said
that
Bitwise
intends
to
set
itself
apart
from
other
applicants,
including
giants
such
as
BlackRock
and
Fidelity,
as
a
“crypto
specialist”
with
years
of
focus
on
the
sector.
Bitwise
filed
its
most
recent
amendment
on
July
3,
while
many
other
applicants
filed
on
a
July
8
deadline.
Applicants
must
still
add
certain
details,
including
sponsor’s
fees,
in
future
amendments.
SEC
welcoming
to
other
discussions
Dowling
also
said
that
Bitwise
has
spoken
to
the
SEC
about
potential
new
products
“coming
down
the
pipe.” She
described
the
conversations
positively,
stating:
“I
think
our
communication
with
the
SEC
about
the
prospects
for
these
products
has
actually
been
quite
welcoming.”
However,
she
agreed
with
Bloomberg
ETF
analyst
Eric
Balchunas
that
some
products
may
only
be
approved
under
a
new
SEC
chair.
Otherwise,
she
said,
it
could
take
considerable
time
to
bring
the
products
to
market
due
to
the
history
of
previous
product
approvals
and
the
lack
of
future
markets
underlying
the
potential
products.
Dowling
did
not
identify
the
products
in
question.
Currently,
the
only
other
pending
spot
crypto
ETFs
are
VanEck
and
21Shares’
spot
Solana
(SOL)
ETFs.
Bitwise
has
not
applied
for
a
similar
product
as
of
press
time.
Mentioned
in
this
article
Go to Source
Author: Mike Dalton
