PANews reported on September 17th that, according to Cointelegraph, Bitwise Chief Investment Officer Matt Hougan warned that while the U.S. Securities and Exchange Commission (SEC)'s streamlined approval process for cryptocurrency exchange-traded funds (ETPs) may trigger a surge in new products, their success is not guaranteed. Hougan stated that the introduction of universal listing standards, which could come as early as October, could usher in a surge in new cryptocurrency ETPs, a development history of ETFs confirming this. However, he cautioned against equating the launch of cryptocurrency ETFs with a resurgence of cryptocurrency enthusiasm. Hougan stated that the existence of cryptocurrency ETPs does not necessarily mean a significant influx of funds; investors must have a fundamental interest in the underlying assets, and ETPs based on assets like Bitcoin Cash may struggle to attract capital. However, he emphasized that the launch of ETFs can prepare products for a surge by making it easier for traditional investors to allocate to cryptocurrencies.