Popular crypto Ethereum set for Exchange Traded Funds as Wall Street gears up for crypto market.

The next tickle on Wall Street is a new round of the ETFs tied to Ethereum, which is being delayed but ready to launch if the U.S. Securities and Exchange Commission will approve it.

In an interview with CNN on Wednesday, Matthew Hougan, Chief Investment Officer at Bitwise Asset Management, has revealed that spot Ethereum ETFs might be launched this week. During the CNBC’s “ETF Edge,” Hougan was particular about the importance of these ETFs, referring to them as the ‘beginnings of a brand-new form of an asset class.’

Currently, Bitwise Asset Management is also aggressively seeking approval to have spot Ethereum ETFs because of Ethereum’s position of being an underlying infrastructure in the emerging crypto entities.

As for the first spot Bitcoin ETFs appeared earlier this year, Hougan stressed that they quickly got into investment portfolios, with around $15 billion in assets. It is worth noting that Bitcoin has entered the mainstream and Hougan used this to forecast a bright future for Ethereum ETFs.

Regarding future expectations, Hougan expects tremendous investors’ attention to Ethereum ETFs, which might attract billions of dollars in the initial years of the ETFs’ existence.

“If we get five, or 10, or 15 billion dollars in the first two years of these Ethereum ETFs, that is an astronomical success,” Hougan forecasted.

Ethereum ETFs are set to be launched soon, which will be another step for the development in the cryptocurrency investment space opening up to various more investors interested in digital asset investment.