header banner

According to Bitwise | TechCrunch, there is "great hope" that a bitcoin spot ETF will be approved in 2024

Table of Contents

    As the crypto market heats up in anticipation of a bitcoin spot ETF approval in the U.S., Katherine Dowling, general counsel and chief compliance officer at Bitwise Asset Management, is expecting good luck in the new year.

    “I have great hopes for 2024,” Dowling said on TechCrunch’s Chain Reaction podcast. “My spidey sense is that they’re looking at January.”

    The SEC missed its Friday deadline to appeal the August court decision regarding converting Grayscale’s Bitcoin Trust (GBTC) into a bitcoin spot ETF.

    There have been a lot of obstacles in the way, including the lawsuit, that probably inhibited dialogue with regulators. “So the fact that we have resolution for that and that most recently they’re not taking an appeal stance is actually a great step forward.”

    Dowling also noted there has been some engagement from the SEC with crypto S-1 filings, and amendments have been made there, too. “That all suggests some forward motion, and we had some hints that there wasn’t going to be an appeal” due to prior talks of a potential government shutdown.

    Bitwise is a crypto asset manager that is known for creating the world’s largest crypto index fund. The firm also filed for a bitcoin spot ETF in the U.S., making it one of a number of firms, like BlackRock, whose applications are pending after the SEC delayed its decisions.


    Article information

    Author: Stephen Poole

    Last Updated: 1698017521

    Views: 1262

    Rating: 4.3 / 5 (103 voted)

    Reviews: 87% of readers found this page helpful

    Author information

    Name: Stephen Poole

    Birthday: 1967-01-24

    Address: 95389 Lang Flats, South Brendaside, WI 39996

    Phone: +4506829037656341

    Job: Air Marshal

    Hobby: Card Collecting, Metalworking, Cross-Stitching, Wine Tasting, Camping, Poker, Archery

    Introduction: My name is Stephen Poole, I am a talented, audacious, honest, expert, fearless, frank, irreplaceable person who loves writing and wants to share my knowledge and understanding with you.