Bitwise CIO: US SEC may approve up to 5 cryptocurrency spot ETFs this year

Odaily News Matt Hougan, chief investment officer at Bitwise, said U.S. regulators could approve spot ETFs for as many as five different digital assets this year. However, to achieve that goal, he said the SEC needs to cross the regulatory Rubicon.
However, Hougan expressed doubts about whether MELANIA's application can be approved by the SEC, but believed that other cryptocurrencies that are closer to commodities may have a chance. Speaking of further cryptocurrency ETF approval, he said: "If we can cross that hurdle, then the floodgates will open. We don't know how big the floodgates will open, but I bet it will never be a small crack."
It also said that in many markets such as Germany and Switzerland, regulators have found that, in addition to Bitcoin and Ethereum, spot cryptocurrency ETFs can be approved without regulated futures markets. In the United States, if a precedent can be set, it will still be a big deal. "Whatever the new standard is, if we can reach it, then I think there are still many opportunities." (Decrypt)
Earlier news revealed that Tuttle Capital has submitted 10 leveraged crypto asset ETF applications to the US SEC, including several Meme coin products and assets that have not yet launched ETPs, as well as the first ETP application in the United States to track cryptocurrencies such as Chainlink, Cardano, Polkadot, BNP, MELANIA, etc.
In addition, Bitwise has submitted an S-1 filing for a Dogecoin ETF to the U.S. SEC and listed Coinbase Custody as the proposed custodian for the spot Dogecoin ETF. However, Bitwise's filing did not state the proposed fees and trading code for the ETF, nor did it specify which stock exchange it would be listed on if approved.