According to Odaily Planet Daily, Bitwise Chief Investment Officer Matt Hougan warned that while the U.S. Securities and Exchange Commission's (SEC) streamlined approval process for cryptocurrency ETPs may trigger a surge in new products, their success is not guaranteed. Hougan stated that universal listing standards could be introduced as early as October, potentially ushering in a surge in new cryptocurrency ETPs, a fact reinforced by the history of ETF development. However, he cautioned against equating the launch of cryptocurrency ETFs with a resurgence of cryptocurrency enthusiasm. Hougan stated that the existence of cryptocurrency ETPs does not necessarily mean a massive influx of funds; investors must have a fundamental interest in the underlying assets, and ETPs based on assets like Bitcoin Cash may struggle to attract capital. However, he emphasized that the launch of ETFs can prepare products for price increases by making it easier for traditional investors to allocate to cryptocurrencies. (Cointelegraph)