Bitwise CIO Matt Hougan said the approval of a spot bitcoin ETF could come at any time, adding that he is targeting the fourth quarter or early 2024.
Regarding whether BlackRock has inside information on the Bitcoin ETF, Hougan said: “I like a good conspiracy theory as much as anyone else, but the short answer is no; I don’t think BlackRock has any inside information. I don’t think U.S. securities The Trade Commission acted fairly and honorably in these circumstances, and I don’t think they would make such political judgments.”
Edelman noted that Bitwise was one of a handful of asset managers to resubmit a spot bitcoin ETF proposal in June after BlackRock’s application appeared to come as a surprise.