Bitwise Asset Management has announced the launch of two Ethereum-themed exchange-traded funds (ETFs), following the approval of Ethereum-based futures products by the U.S. Securities and Exchange Commission (SEC). The two funds, called the Bitwise Ethereum Strategy ETF (AETH) and the Bitwise Bitcoin and Ether Equal Weight Strategy ETF (BTOP), will provide investors with access to Chicago Mercantile Exchange (CME) Ether futures and expand regulated investment options in the crypto sector. Bitwise Chief Investment Officer Matt Hougan stated that Ethereum offers a broad portfolio opportunity compared to Bitcoin, combining characteristics of both alternative and conventional growth investments.
The launch of Bitwise’s ETFs comes as Ethereum continues to establish itself as a hub of innovation and growth. The ecosystem surrounding Ethereum is thriving, attracting millions of users and leading brands through its various applications and developments. Bitwise CEO Hunter Horsley emphasized Ethereum’s dynamic growth and momentum, stating that the ETFs are designed to serve as a gateway for investors to participate in Ethereum’s expanding landscape through regulated avenues. This move by Bitwise is part of a larger trend, with other companies such as Invesco and Valkyrie also exploring Ethereum ETF offerings while awaiting approval for spot Bitcoin ETFs from the SEC. The decisions made by the SEC regarding these applications are highly anticipated, as they have the potential to shape the future of crypto investments in the United States for years to come.
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