Bitwise Asset Management has announced the launch of two Ethereum-themed exchange-traded funds (ETFs): the Bitwise Ethereum Strategy ETF (AETH) and the Bitwise Bitcoin and Ether Equal Weight Strategy ETF (BTOP). These ETFs will provide investors with access to Chicago Mercantile Exchange (CME) Ether futures and expand regulated and trusted investment avenues in the crypto sector. Bitwise chief investment officer Matt Hougan noted the extensive portfolio opportunity Ethereum offers compared to Bitcoin, describing it as a blend of alternative and conventional growth investment. Bitwise CEO Hunter Horsley highlighted Ethereum’s dynamic growth and the momentum it’s gaining and said the ETFs are intended to be a gateway for investors to participate in Ethereum’s expanding landscape through regulated avenues that inspire confidence.The launch of these ETFs is part of a larger trend, with numerous companies, including Invesco and Valkyrie, exploring Ethereum ETF offerings while awaiting approval for spot Bitcoin ETFs. The decisions by the U.S. SEC on these applications are highly anticipated, with outcomes potentially being influenced by related developments such as the Grayscale lawsuit. Bloomberg analyst James Seyffart revealed that nine Ethereum Futures ETFs, including Bitwise’s, are set to receive expedited approval from the SEC for their launch on Monday, October 2, 2023.

This News Article was automatically generated by Bob the Bot (AI)

Information	Details
Geography	North America
Countries
Sentiment	positive
Relevance Score	9
People	James Seyffart, Hunter Horsley, Matt Hougan
Companies	Invesco, U.S. SEC, Grayscale, Bloomberg, James Seyffart, Bitwise Asset Management, Chicago Mercantile Exchange, Valkyrie
Currencies	GoCryptoMe, Bitcoin, US Dollar, Ethereum, Aave ETH v1, BotopiaFinance
Securities	None