Bitwise CIO Lays Out Argument For Bitcoin ETF Coming In 2022




Bitwise Asset Management’s chief investment officer has laid out his case for why a Bitcoin exchange-traded fund (ETF) will be approved by regulators later this year.

Bitwise CIO Matt Hougan expressed optimism that the US Securities and Exchange Commission (SEC) will approve a Bitcoin ETF before the end of the year in an interview with CNBC’s ETF Edge.

Hougan argued that there was no significant difference in fraud risk between Bitcoin and other commodities, saying there are “certainly instances of fraud and manipulation” in all markets.

As reported by The Daily Hodl, Hougan explained,

“I don’t think they’re materially worse in the Bitcoin market and so, if the same standards are applied to oil, natural gas, gold, silver, et cetera, that have allowed ETF to launch in those commodities if those same standards are applied to Bitcoin and other crypto-assets.”

The quality of Bitcoin ETF filings has “improved considerably” in the last year, according to Hougan, with numerous businesses, including Bitwise, giving federal regulators a wealth of data to answer their inquiries.

The CIO projected that the “cumulative weight of evidence” presented by the industry would compel the SEC to approve the application.

A Bitcoin ETF, according to Hougan, will be “excellent for investors” since it will provide greater protections and lead to better market products. He concluded by saying

It’s going to dramatically lower prices to access the crypto market that could save people billions of dollars over the long term, so I’m very hopeful we get it this year.

Read More: Legendary Boxer Mike Tyson Bullish on Solana ($SOL) After Going ‘All In’




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