According to Bitwise’s Chief Investment Officer, Matt Hougan, the Securities and Exchange Commission (SEC) is considering a delay in approving highly anticipated Ethereum exchange-traded funds (ETFs).
This development comes on the heels of Bitwise Asset Management’s intention to list a spot Ethereum ETF.
Potential Ethereum ETF Approval Delay
Bitwise launched its spot Bitcoin ETF, the Bitwise Bitcoin ETF (BITB), on January 11. Since then, the ETF has seen a meteoric rise, amassing over $2 billion in assets and ranking fifth in the so-called “Cointucky Derby.”
Hougan shared insights into the explosive growth of BITB and other spot ETFs, underscoring their unprecedented acceleration compared to historical ETF launches.
“These [spot Bitcoin ETFs] are the fastest growing ETFs of all time by a large fraction. I believe the fastest growing ETF prior to these was the Nasdaq…
