Ethereum

Bitwise Ethereum ETFs Launched Facilitating New Ether Investments

Key Points:

  • 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 Launched Facilitating New Ether Investments 2

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.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

Recent Posts

Bitcoin Spot ETF Inflows Hit $510M, Marking Six-Day Streak

Bitcoin Spot ETF Inflows have reached $510 million as of November 13, marking six consecutive…

44 minutes ago

Solana DEX Trading Volume Hits $5B Daily for Three Straight Days

Solana DEX trading volume reached historic highs, exceeding $5 billion daily for three days. Raydium…

3 hours ago

Phantom iOS Users Lost Recovery Phrase After Updating to New Version

Phantom iOS users are warned that a recent app update caused some users to log…

3 hours ago

Japanese Crypto Exchange Coincheck Gets Approval to Launch in the US

Japanese crypto exchange Coincheck is set to become the first Japanese crypto exchange to list…

4 hours ago

DOJ Investigates Polymarket for Alleged Illegal US User Bets

The US DOJ investigates Polymarket for Alleged Illegal US User Bets Polymarket, for allegedly permitting…

5 hours ago

Get Ready for a New Level of Excitement If You Missed Ethereum ICO: Qubetics Could Redefine Success

Ethereum’s ICO was priced at around $0.30 per token, and today, it’s valued in the…

5 hours ago

This website uses cookies.