Claim BonusBitwise To Launch Bitcoin Ethereum Strategy ETF On October 2
After having amended its application for the spot Bitcoin Exchange-Traded Fund (ETF), crypto asset management firm Bitwise Asset Management announced that trading for two of its Ethereum themed ETFs is set to begin on October 2, 2023.
Also Read: September Check: Polygon Lands Google Cloud as its Latest Validator
Bitwise Ethereum Based ETF Launch
The company announced that trading would begin for the Bitwise Ethereum Strategy ETF ($AETH) and the Bitwise Bitcoin and Ether Equal Weight Strategy ETF ($BTOP). Bitwise said that with this, investors will be able to gain exposure to CME Ether futures through the widely popular and regulated ETF format “for the first time.” In a statement, the company’s CIO Matt Hougan said,
“The portfolio opportunity with Ethereum is broader than Bitcoin. Some investors consider Ethereum an alternative, while others see it as a traditional growth investment. It has elements of both.”
Several companies which are vying for the spot Bitcoin ETF approval have applied for the Ethereum ETF race. In a latest, CoinGape reported that asset management firm Invesco is also interested in launching the Invesco Galaxy Ethereum ETF.
Bitcoin ETFs: More Delays
Earlier, Bitwise was joined by the likes of Blackrock and Invesco in the list of firms who got a delay on decision from the U.S. Securities and Exchange Commission (SEC) around the Bitcoin ETF filings. This meant that the probability of a spot Bitcoin ETF approval in the year 2023 is almost zero. However, the Grayscale lawsuit verdict in favor of the conversion of Grayscale Bitcoin Trust (GBTC) into a Bitcoin ETF could turn out to be the game changer when the US SEC takes a decision sometime in 2024. On August 29, 2023, a US Court cleared the way for approval of the Grayscale spot Bitcoin ETF, rejecting the agency’s argument.
Meanwhile, James Seyffart, a Bloomberg analyst, shared the full list of 9 Ethereum Futures ETFs that will be given SEC accelerated approval to launch on Monday, October 2, 2023.
Also Read: Elon Musk Finally Pushes X (Twitter) Towards Profitability
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Crypto Traders Reduce Fed Rate Cut Expectations Even as Expert Calls Fed Chair Nominee Kevin Warsh ‘Dovish’
- Crypto, Banks Clash Over Fed’s Proposed ‘Skinny’ Accounts Ahead of White House Crypto Meeting
- XRP News: Ripple Expands Custody Services to Ethereum and Solana Staking
- Bernstein Downplays Bitcoin Bear Market Jitters, Predicts Rally To $150k This Year
- Breaking: Tom Lee’s BitMine Adds 40,613 ETH, Now Owns 3.58% Of Ethereum Supply
- Cardano Price Prediction as Bitcoin Stuggles Around $70k
- Bitcoin Price at Risk of Falling to $60k as Goldman Sachs Issues Major Warning on US Stocks
- Pi Network Price Outlook Ahead of This Week’s 82M Token Unlock: What’s Next for Pi?
- Bitcoin and XRP Price Prediction as China Calls on Banks to Sell US Treasuries
- Ethereum Price Prediction Ahead of Feb 10 White House Stablecoin Meeting
- Cardano Price Prediction as Midnight Token Soars 15%
