Bitwise Chief Compliance Officer: Ethereum ETF is close to approval, SEC is open to the third cryptocurrency ETF

ChainCatcher news, according to Cointelegraph, Bitwise Chief Compliance Officer Katherine Dowling stated that the issues in the S-1 filing have been repeatedly scrutinized between the SEC and potential ETF issuers, and the problems have become "fewer and fewer." A list of eight Ethereum spot ETFs is about to go live, and all signs indicate that we are nearing the finish line for issuance. Several spot Ethereum ETF issuers have been waiting for six weeks for the SEC to sign their S-1 registration statements.

Bitwise Chief Investment Officer Matt Hougan speculated that the Ethereum spot ETF could attract up to $15 billion in inflows during the first 18 months of trading—roughly the same amount that the spot Bitcoin ETF attracted in its first six months after launch.

Dowling revealed that the U.S. Securities and Exchange Commission is also open to discussions regarding non-Bitcoin and Ethereum products. "We have actually had conversations with the SEC about the possibility of launching new products, and the communication about the prospects of these products has been very well received."

Dowling stated, "Some new products may need to wait for the new SEC chair to be approved, but this is a positive dialogue." The Chicago Board Options Exchange (CBOE) submitted a spot listing application for the Solana (SOL) ETF on behalf of VanEck and 21Shares on July 8.