All indications suggest that the final formalities before the registration of spot Ethereum ETFs are approaching. This was stated by Bitwise’s Chief Compliance Officer, Katherine Dowling.
Bitwise Chief Compliance Officer Katherine Dowling discusses her firm’s Ether ETF application and the potential for new products tied to crypto https://t.co/hKIvliRCnX pic.twitter.com/PvMFeG4wWU
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According to her, there are “fewer and fewer” questions remaining between the SEC and eight potential issuers regarding the submission of S-1 documents.
The specialist refrained from predicting a specific approval date for the products. Dowling recalled the promise of SEC Chairman Gary Gensler to register the instruments “in the summer.”
“Everyone has their own definition of summer. For issuers, it has been a somewhat long, hot summer,” she explained.
The Bitwise representative also noted that the regulator is open to discussing exchange-traded funds not related to Bitcoin and Ethereum.
“Our communication with the SEC regarding the prospects of these products has been quite amicable,” Dowling emphasized.
However, she expressed doubts that a third cryptocurrency-based exchange-traded fund will appear while Gensler leads the agency.
In June, 21Shares filed an application with the SEC to register a SOL-ETF.
Earlier, market maker GSR positively assessed Solana’s growth potential should the product launch. Analysts believe the cryptocurrency could increase in value by 1.4 to 8.9 times.