Bitwise COO Katherine Dowling said that a spot Ethereum ETF is “close to the finish line,” while noting that the U.S. Securities and Exchange Commission (SEC) is “quite welcoming” to other related products.

On July 9, Dowling told Bloomberg that the SEC and ETF issuers had fewer questions about the revised S-1, suggesting that the launch of ETFs is nearing completion.

Dowling affirmed SEC Chairman Gary Gensler’s statement that the agency will fully approve registration statements from issuers in the summer.

It’s worth noting that she describes an open time frame. “Everyone has a different definition of summer,” Dowling said. “For publishers who are waiting, summer is a little too long.”

Dowling added: “Bitwise plans to differentiate itself from applicants such as BlackRock and Fidelity by positioning itself as a ‘crypto asset expert’ and continuing to focus on the industry in the future.”

Bitwise submitted the latest amendment on July 3, and some other applicants also submitted updated documents before the deadline of July 8.

Dowling also said Bitwise has been in communication with the SEC about potential new products that are “coming soon.” She mentioned, “I think that our communication with the SEC about the prospects of these products will be very welcome.”

However, Dowling also echoed the view of Bloomberg ETF analyst Eric Balchunas that some products may only be approved under the leadership of the new SEC chairman.

She added: “Otherwise, it may take considerable time to bring these products to market based on the history of previous product approvals and the lack of future market foundation for potential products.”

Dowling did not disclose the name of the product. Currently, the only other spot Crypto ETFs to be approved are VanEck and 21Shares' spot Solana (SOL) ETFs.

As of now, Bitwise has not applied for a similar product.