Bitwise to Launch Two Innovative Ethereum Futures ETFs on October 2

blockchain.news:

Bitwise Asset Management, America's largest crypto index fund manager, announced the launch of two first-of-their-kind Ethereum Futures ETFs, AETH and BTOP, scheduled for October 2. These ETFs will provide investors with exposure to CME Ether futures in a regulated format, expanding Bitwise's existing suite of crypto investment products.

Bitwise Asset Management, a leading player in the crypto asset management space, has announced the launch of two groundbreaking Ethereum-themed Exchange-Traded Funds (ETFs). The Bitwise Ethereum Strategy ETF (ticker: AETH) and the Bitwise Bitcoin and Ether Equal Weight Strategy ETF (ticker: BTOP) are set to begin trading on October 2, 2023. These ETFs are the first to offer investors exposure to CME Ether futures through a regulated ETF format.

Based in San Francisco, Bitwise offers a broad range of crypto investment vehicles, including more than 20 products and five ETFs. The firm is known for its focus on quality education and research, partnering with financial advisors and investment professionals.

«Ethereum now has billions in revenue, millions of users, and thousands of distinct apps and developers,» said Bitwise CEO Hunter Horsley. According to data, stablecoins processed over $1 trillion in transactions in Q1 2023 alone, growing from virtually non-existent in 2019 to a $125 billion market today. Additionally, the total capital in decentralized finance (DeFi) applications on Ethereum has surged 60-fold since 2019, reaching $40 billion.

Bitwise CIO Matt Hougan stated that Ethereum offers a broader portfolio opportunity than Bitcoin, with low correlation to traditional equities. However, it's essential to note that both Bitcoin and Ethereum futures are subject to unique and