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as crypto With the market hot in anticipation of Bitcoin spot ETF approval in the US, Catherine Dowling, General Counsel and Chief Compliance Officer at Bitwise Asset Management, is hoping for good luck in the new year.
“I have very high expectations for 2024,” Dowling said on TechCrunch’s Chain Reaction podcast. “My gut feeling is that they’re looking at January.”
The SEC missed its Friday deadline to appeal an August court ruling regarding the conversion of Grayscale’s Bitcoin Trust (GBTC) into a Bitcoin spot ETF.
There have been several obstacles along the way, including lawsuits that have likely hindered negotiations with regulators. “So the fact that we have the resolution for this and recently they’re not taking the approach of appealing is a really big step forward.”
Dowling also noted that there has been some engagement from the SEC with crypto S-1 filings, and amendments have been made there as well. Due to prior discussions of a possible government shutdown, “all this suggests is moving forward, and we had some indications that there was not going to be an appeal”.
Bitwise is a crypto asset manager best known for building the world’s largest crypto index fund. The company also applied for a Bitcoin spot ETF in the US, making it one of several companies like BlackRock whose applications are pending after the SEC delayed its decisions.
