Matt Hougan, Bitwise‘s Chief Investment Officer (CIO), said that they would rather delay the launch dates for Ethereum spot Exchange Traded Funds (ETFs) than settle for fee waivers from regulated exchanges.
According to Hougan, while the financial sector foresees that the U.S. Securities and Exchange Committee’s (SEC) decision to approve the first spot for Ethereum ETF applications may come by May, it could turn out to be more advantageous if the date is delayed. He supports a possible option of extending the existing timeline beyond the initially expected May quit date because this should let TradeFi sectors sooner recognize and adapt to the intricacies of cryptocurrencies, in particular, of Bitcoin.
However, Hougan’s position marks a big difference from the early elation about the ETF, as though it had passed without warning. Frankly, he claims that a more careful evolution of such complex cryptocurrencies should be implemented first in traditional financial entities. Pushing t
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