Ethereum ETF Delayed

Expectations and Delays of Ethereum ETF

Bitwise Asset Management successfully launched the spot BTC ETF, BITB, which quickly accumulated over $2 billion in assets. Despite the outstanding performance of the BTC ETF, the company's chief investment officer Matt Hougan revealed that the regulator SEC is considering delaying the approval of the Ethereum ETF.

Hougan pointed out that the growth rate of spot ETFs such as BITB has far exceeded historical levels, making it one of the fastest growing ETFs in history. In contrast, the previous fastest-growing ETFs such as QQQM took a year to reach a scale of $5 billion, while the spot BTC ETF exceeded $10 billion in less than two months.

Faced with the possible delay in the approval of the Ethereum ETF, Hougan expressed cautious optimism, believing that this gives traditional finance more time to understand and accept Crypto assets. He predicted that if the Ethereum ETF is launched at the end of the year, it may be more successful than if it is launched in the middle of the year, because the market will be more mature and well prepared by then.

The cognitive shift of Crypto assets Hougan's insights reflect a significant change in people's views on Crypto assets, from initial skepticism to the current recognition of its potential as an investment tool.

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