Bitwise Ethereum ETFs Launched Facilitating New Ether Investments
- Bitwise Ethereum ETFs have now been launched for regulated Ethereum futures investing.
- Ethereum’s growing ecosystem makes these ETFs an appealing investment opportunity.
- Bitwise, along with other firms, awaits SEC approval for spot Bitcoin ETFs.
Bitwise Asset Management has introduced two Ethereum-themed Exchange-Traded Funds (ETFs), unveiling the Bitwise Ethereum Strategy ETF (AETH) and the Bitwise Bitcoin and Ethereum Equal Weight Strategy ETF (BTOP).
Bitwise Ethereum ETFs: A Gateway to Regulated Futures Investment
These Bitwise Ethereum ETFs mark a groundbreaking opportunity for investors to engage with Ethereum futures in a regulated environment. Bitwise CEO, Hunter Horsley, expressed enthusiasm for Ethereum’s expanding ecosystem, citing its impressive revenue, vast user base, and extensive collection of applications and developers.
“As the leading operating system for crypto, Ethereum has spread like wildfire. With blue-chip brands like Nike, Starbucks, Adidas, Pepsi, PayPal, JPMorgan and others building and using applications on Ethereum, the momentum is only building. AETH and BTOP give investors the opportunity to participate in that growth with confidence through regulated ETFs,” he said.
Trading for Bitwise Ethereum ETFs has now commenced, granting investors access to Chicago Mercantile Exchange Ether futures, further bolstering Ethereum’s investment appeal.
Ethereum’s Rising Popularity Draws Major Companies
Ethereum-based applications have witnessed substantial growth, with stablecoins handling over $1 trillion in transactions in the first quarter of 2023 alone. The decentralized finance (DeFi) sector on Ethereum has also flourished, with total capital locked surging from $40 billion to $125 billion since 2019.
While Bitwise progresses with Ethereum-themed ETFs, it, alongside BlackRock, Invesco, and Valkyrie, awaits approval from the United States Securities and Exchange Commission (SEC) for its spot Bitcoin ETF applications. Delays have arisen amid concerns over a looming U.S. government shutdown, leaving the fate of these Bitcoin ETFs uncertain.
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