Bitwise CIO Matt Hougan calls for spot ETH ETF approval to be pushed to December to allow TradFi to fully exhaust BTC before eyeing ETH.
Instead, the asset management firm, which recently submitted an amended filing for ETH ETF on the 28th of March, prefers an approval to be pushed to December 2024.Ergo, according to the CIO, spot ETH ETF approval in May would deny the products enough interest to replicate BTC ETFs’ success.
Similarly, Bitwise CIO Hougan acknowledged the low odds of May approval but remained confident that ETH ETFs will eventually happen.
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