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

BlockBeats news, July 10, according to Cointelegraph, Bitwise Chief Compliance Officer Katherine Dowling said that the issues in the S-1 document have been repeatedly discussed between the SEC and potential ETF issuers, and the problems have been "less and less." The list of eight Ethereum spot ETFs is about to go online, and all signs indicate that we are close to the finish line of 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 in the first 18 months of open trading-roughly the same as the spot Bitcoin ETF attracted six months after its launch.

Dowling revealed that the U.S. Securities and Exchange Commission is also open to discussions about 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 is actually very welcome." Dowling said, "Some new products may need to wait for approval after the new SEC chairman takes office, but this is a positive dialogue."

It is reported that the Chicago Board Options Exchange (CBOE) submitted the Solana (SOL) spot ETF listing application on behalf of VanEck and 21Shares on July 8.