TechFlow news — Bitwise Chief Investment Officer Matt Hougan said in an interview, "Approval for spot Bitcoin ETF applications is imminent." He pointed to Grayscale's recent legal victory against the SEC and BlackRock's strong track record with ETF approvals, noting, "The company has a near-perfect record of launching ETFs."
Hougan also predicted that demand for spot crypto ETFs will be 100 times greater than that for futures-based ETFs, creating a far larger market impact. He explained that, looking at the gold market, spot gold ETFs manage around $100 billion in assets, while gold futures ETFs effectively amount to zero, as the only ones that existed were shut down due to lack of investor interest. Investors want spot Bitcoin and spot Ethereum ETFs; they are using futures-based ETFs merely as a temporary substitute until spot products become available.
