While Bitwise Counts the Days for Ethereum, Desperate for Solana: It Will Fail at First!

Ethereum ETF launch could happen very soon, according to Bitwise's chief compliance officer (CCO) Katherine Dowling

Katherine Dowling recently spoke to Bloomberg Crypto about the spot Ethereum ETF process. Stating that the Ethereum ETF application submitted by 8 different companies to the US Securities and Exchange Commission (SEC) is nearing its final conclusion, Dowling noted that the problems in the S-1 files are gradually decreasing.

I think our communication with the SEC about the expectations for these products has actually been quite satisfactory. This shows that all signs are that we are close. We are close to the finish line at launch

Dowling disappointed investors waiting for the Solana ETF by stating that an SEC led by Gary Gensler will not approve ETFs other than Bitcoin and Ethereum

Approval is expected by July 15

The SEC approved the 19b-4 forms on May 23, and all eyes were on the S-1 files. SE, which had a cold attitude especially towards the Ethereum staking option, requested that this article be removed from the files. All 8 companies made appropriate revisions.

Bloomberg's senior ETF analysts thought the approval would come in the first week of July, but after minor hitches, the most talked about date was July 15.

As Dowling stated, although it is not possible to talk about a clear date yet, it seems that there are only a few days left for spot Ethereum ETF approval.

Spot Bitcoin ETF had a positive impact before its approval, but after the approval, billions of dollars of money flow from institutions such as BlackRock further contributed to the price rise.

A similar situation may occur for Ethereum, and Ethereum, which could not perform as expected before approval, may reach a better position after final approval.

Stay tuned for new information