According to AMBCrypto, Bitwise Global Research Director Matt Hougan recently said that he has submitted two cryptographic ETF proposals to the SEC, one is an index-based ETF that will track the Bitcoin 10 large-cap stock encryption index, and the other is a bitcoin ETF. (Bitwise Bitcoin ETF) application for a bitcoin held in a regulated and insured third party. The proposal is expected to be approved on October 14.