Here’s Why Bitwise CEO Wants the SEC to Postpone Approval of Ethereum ETFs

Bitwise Asset Management, a provider of cryptocurrency index funds, wants the U.S. Securities and Exchange Commission to defer approval for a spot Ethereum Exchange-Traded Fund until December.that the industry’s focus on Bitcoin-related products may hinder the necessary attention required for the development and approval of an Ethereum ETF.

He further highlighted the diverse investor groups expressing interest, encompassing retail investors, independent financial advisors, hedge funds, venture capital funds, family offices, and corporate entities. He emphasized that the market’s enthusiasm for spot Bitcoin ETFs has surpassed initial forecasts, signaling a demand for crypto-focused investment instruments.

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