Bitwise CIO: US SEC may approve up to 5 cryptocurrency spot ETFs this year

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ODAILY
02-03
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Odaily reported that Matt Hougan, Chief Investment Officer of Bitwise, said that the US regulatory authorities may approve up to five different digital asset spot ETFs this year. However, he stated that the SEC needs to cross the regulatory "Rubicon" to achieve this goal. Hougan expressed doubts about the approval of the MELANIA-related application, but believes that other cryptocurrencies closer to commodities may have a chance. He said that if they can cross that hurdle, the floodgates will open, and it will not be a small crack. He also mentioned that in many markets such as Germany and Switzerland, regulators have found that they can approve spot cryptocurrency ETFs without a regulated futures market, other than Bitcoin and Ethereum. In the US, if a precedent can be set, this will still be a big deal, and he believes there will be many opportunities if they can meet the new standards. Previously, Tuttle Capital has filed with the US SEC for 10 leveraged cryptocurrency asset ETFs, including several Meme coin products and assets that have not yet launched ETPs, as well as the first US ETP tracking Chainlink, Cardano, Polkadot, BNP, and MELANIA. In addition, Bitwise has filed an S-1 document with the US SEC for a Dogecoin ETF, and listed Coinbase Custody as the proposed custodian for the spot Dogecoin ETF. However, Bitwise's filing did not specify the proposed fees and ticker symbol for the ETF, nor did it specify which securities exchange it would list on if approved.

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