Bitwise CIO Matt Hougan believes that launching spot Ethereum ETFs after May could attract more assets. During a panel discussion on Bitcoin ETFs at the Digital Asset Conference in London, Hougan expressed his view that delaying the debut of an Ethereum ETF might be beneficial.

Hougan’s perspective contrasts with the initial excitement surrounding the May deadline for the SEC decision on the first pending spot Ether ETF applications. Despite high expectations initially, recent evaluations indicate a more cautious approach to a potential May launch due to perceived lack of progress. Hougan suggested that launching spot Ether ETFs in December could be more advantageous.

The Bitwise CIO argued that giving Wall Street and traditional finance more time to understand the complexities of cryptocurrencies, especially Bitcoin, could lead to a more favorable market reception for Ethereum (ETH) and its ETF. He emphasized the need for Wall Street to fully comprehend Bitcoin before considering another ETF, estimating that it would take about eight to nine months for this process.

For more insights, a Bloomberg analyst has suggested a 35% chance of spot Ethereum ETF approval by May.

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