Bitwise exec suggests former President Donald Trump may have known spot ether ETFs would gain an initial approval.
Much has been made about the surprising turn of events that led to spot Ethereum ETFs gaining initial approval from the Securities and Exchange Commission and how shifting political sentiments may have played a factor.
But Bitwise Asset Management executive Katherine Dowling said there may have been one person who knew the approvals were coming down the pike. “There may have been one person who knew, Trump," Dowling said on Thursday during a panel at the Consensus crypto conference. "I think Trump knew we were getting those approval orders and he might have very well been the only person who knew cause we didn’t.”Dowling, who serves as Bitwise's general counsel and CCO, made her comments during a panel on spot bitcoin and ether ETFs.
All signs point to crypto playing a bigger than ever in this year's upcoming election, which will serve as U.S. president next year. Trump, historically skeptical of crypto, has recently adopted a friendlier stance with regard to digital assets. In the case of spot Ethereum ETFs, so far, the 19b-4 forms are what have been approved. Before trading can begin, would-be issuers like Bitwise, BlackRock and Fidelity have to file S-1 forms with the SEC. Some analysts expect that the S-1 phase could take a few weeks or a few months to be resolved.Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block.
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