New ETF Applicant for Ethereum Seeks SEC Approval Delay Until December

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Bitwise Asset Management has filed forms with the SEC to list a spot Ethereum ETF, reflecting the growing interest in cryptocurrency ETFs. The firm's Bitwise Bitcoin ETF has gained over $2 billion in assets under management, making it the fifth largest in the 'Cointucky Derby' ranking. Matt Hougan, the chief investment officer at Bitwise, notes that a wide range of investors have shown interest in the ETFs, including retail investors, independent financial advisors, hedge funds, venture capital funds, family offices, and corporations. The demand for these ETFs has far exceeded previous records for ETF growth. Despite initial skepticism, Hougan believes that the positive reception from investors and industry leaders like BlackRock has helped alleviate concerns. Bitwise is also looking into launching an Ethereum spot ETF, and Hougan believes that the Ethereum market has significant potential. He remains optimistic about the future of cryptocurrencies and the potential for continued growth in the market.

https://globeecho.com/new-etf-applicant-for-ethereum-seeks-sec-approval-delay-until-december/