Bitwise CIO: Spot Bitcoin ETF is about to be approved and its demand will be 100 times that of futures ETF

Odaily Planet Daily reported that Bitwise chief investment officer Matt Hougan said in an interview that “the spot Bitcoin ETF application is about to be approved.” He mentioned Grayscale’s recent victory in the SEC lawsuit and BlackRock’s ETF Application success rate, "The company has a near-perfect record in launching ETFs. " Hougan also said that the demand for spot crypto ETFs is expected to be 100 times that of futures ETFs, which will have a greater impact on the market. He explained that, referring to the gold market, spot gold ETFs manage approximately $100 billion in assets. There are effectively zero gold futures ETFs, as the only ETF that exists has closed due to lack of market interest. Investors want spot Bitcoin and spot Ethereum ETFs, and they use futures-based ETFs as a bridge until spot products are launched. (Blockworks)