- Bitwise CIO Hougan wants a spot ETH ETF approval in December.
- He argued that TradFi was too focused on Bitcoin, which could affect ETH ETFs.
In a shocking turn of events, Bitwise has called for a spot Ethereum [ETH] ETF approval delay.
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.
In an interview with Forbes, Bitwise CIO Matt Hougan claimed that the asset management sector is too focused on Bitcoin [BTC] at the moment.
Ergo, according to the CIO, spot ETH ETF approval in May would deny the products enough interest to replicate BTC ETFs’ success.
“I think the ether ETFs will be more successful if they launch in 12 months than if they launch in May.”
Hougan added that,
“Part of me hopes that it’s December or something like that because I think that would be better for the market.”
ETH ETF May approval odds
So far, the ETH ETF applications of Grayscale, VanEck, Hashdex, and Ark 21Shares have been delayed. The final deadline for most of the early applications is in May.
However, Bloomberg ETF analysts Eric Balchunas and James Seyffart have maintained low odds of ETH ETF approval in May.
Similarly, Bitwise CIO Hougan acknowledged the low odds of May approval but remained confident that ETH ETFs will eventually happen.
“I think the market’s consensus that it will happen in May is possible but unlikely. I feel very confident we’ll get an ether ETF.”
Additionally, Hougan reiterated that the recent Dencun upgrade was a big deal. But it didn’t come up during his meet-ups with investors.
This made him believe it could be hard to shift focus from Bitcoin to Ethereum at the moment.
Meanwhile, ETH extended its price consolidation around $3500. The asset was range-bound last week at the same price level.
However, it remains to be seen if it will attempt a breakout in early April, even as ETH ETF May approvals remain low.
can i buy clomid price clomid prescription uk where buy cheap clomid tablets cost of clomiphene tablets where to buy cheap clomiphene no prescription cost generic clomid pills can i order generic clomiphene without insurance
Greetings! Extremely gainful par‘nesis within this article! It’s the little changes which wish make the largest changes. Thanks a lot in the direction of sharing!
More posts like this would make the online play more useful.
order zithromax 500mg pill – buy tindamax pill order metronidazole 200mg pills
domperidone 10mg pills – order generic sumycin 250mg how to buy flexeril
clavulanate without prescription – atbioinfo acillin cheap
order nexium 40mg pills – https://anexamate.com/ generic nexium 20mg
buy coumadin 2mg generic – blood thinner cozaar 25mg oral
oral mobic 7.5mg – https://moboxsin.com/ buy mobic online cheap
brand prednisone 5mg – allergic reactions prednisone buy online
buy cheap generic amoxicillin – https://combamoxi.com/ buy generic amoxicillin online
buy forcan pills for sale – flucoan buy generic forcan
lexapro 20mg pills – escita pro purchase escitalopram generic
order cenforce 50mg sale – cenforce cost order cenforce 100mg for sale
cialis online pharmacy australia – how much does cialis cost at walmart where to buy cialis soft tabs
when will cialis be generic – https://strongtadafl.com/ cialis soft tabs canadian pharmacy
ranitidine cost – oral ranitidine buy zantac 300mg generic
buy in real viagra – this viagra sale northern ireland
This is the kind of enter I find helpful. sitio web
The thoroughness in this section is noteworthy. https://buyfastonl.com/amoxicillin.html
The depth in this serving is exceptional. https://ursxdol.com/prednisone-5mg-tablets/
More content pieces like this would insinuate the интернет better. https://prohnrg.com/
Palatable blog you possess here.. It’s intricate to espy high status writing like yours these days. I really comprehend individuals like you! Go through care!! https://aranitidine.com/fr/acheter-propecia-en-ligne/
I am in point of fact enchant‚e ‘ to gleam at this blog posts which consists of tons of worthwhile facts, thanks representing providing such data. https://ondactone.com/spironolactone/
More posts like this would make the blogosphere more useful.
https://proisotrepl.com/product/toradol/
More posts like this would make the online elbow-room more useful. https://myrsporta.ru/forums/users/pxryl-2/
dapagliflozin order – https://janozin.com/# forxiga 10 mg over the counter
xenical price – site xenical online buy
I couldn’t resist commenting. Warmly written! http://ledyardmachine.com/forum/User-Vnftmt