Bitwise Urges SEC to Greenlight All Bitcoin Spot ETFs as Deadline Looms
- Best investor outcome as it would allow competition: Hougan
- ETF race has captured Wall Street, crypto-industry attention
Matt Hougan
Photographer: Jordan Vonderhaar/BloombergThis article is for subscribers only.
Bitwise’s Matt Hougan says that while the asset manager’s application to offer the first US spot Bitcoin ETF is up for consideration this week, it may be better for the SEC to approve all the pending proposals at once.
“If you look back at the history of the SEC’s treatment of ETFs, you can see examples of each, and so we have no idea what their plans are,” Hougan, the firm’s chief investment officer, said on Bloomberg Television, about how the race might play out. “I will say on behalf of investors, the best outcome is likely to line up multiple ETFs and allow them to launch at once.”