Bitwise announces two innovative Ethereum futures ETFs, trading to start on 2 October

Bitwise announces two innovative Ethereum futures ETFs, trading to start on 2 October
фото показано с : invezz.com

2023-9-30 08:59

A leading crypto asset manager, Bitwise, has revealed that enthusiasts can start trading its new Ether-themed exchange-traded funds (ETFs) on 2 October 2023. The first-of-a-kind initiative will offer individuals exposure to Ether in a regulated ETF format.

Bitwise adds new offerings – AETH and BTOP

Bitwise announced two unique ETFs, the Bitwise Ethereum Strategy ETF (AETH) and the Bitwise Bitcoin & Ethereum Equal Weight Strategy ETF (BTOP). The new offering will expose investors to CME Ethereum futures via a popular and legal ETF format for the first time.

These newly launched products add to Bitwise’s massive collection of professionally managed offerings. The platform has over 20 products, including BITQ, BITC, and BWEB ETFs. Bitwise chief Hunter Horsley stated that Ethereum continues to blossom. He added,

“AETH and BTOP give investors the opportunity to participate in that growth with confidence through regulated ETFs.”

Meanwhile, Bitwise continues with its Ether exchange-traded fund goals amid the SEC’s delayed verdict on Bitcoin ETFs. According to Invezz.com news, the unclear crypto ETF decision by the regulator prompted Bitwise to withdraw its Ether and BTC ETF application. The asset manager planned to invest in either ETH or BTC futures contracts.

Ethereum as a dominant crypto asset

Considering elements such as 99.9% decline in gas fees, Ethereum remains a lucrative blockchain for enthusiasts, developers, and unique apps, making it an attractive option for diversification. Moreover, its real-world utilities make the Ether platform easy to understand and utilize for experienced players.

Ether-based applications have significantly progressed over the past few years. Automated Clearing House, SWIFT, and stablecoins processed transactions worth over $1 trillion in the first quarter of 2023. Further, capital deposited in Ethereum-based DeFi apps increased to $40B. Bitwise CEO stated,

“Ethereum has spread like wildfire. With blue-chop brands like Nike, Starbucks, Adidas, Pepsi, PayPal, JPMorgan, and others building using applications on Ethereum, the momentum is only building.”

The post Bitwise announces two innovative Ethereum futures ETFs, trading to start on 2 October appeared first on Invezz.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Open Trading Network (OTN) на Currencies.ru

$ 0.0064948 (+0.67%)
Объем 24H $0
Изменеия 24h: 1.44 %, 7d: 12.76 %
Cегодня L: $0.0064948 - H: $0.0064948
Капитализация $13.149k Rank 2181
Доступно / Всего 2.025m OTN / 100m OTN

trading start bitwise etfs october first-of-a-kind initiative

Источник: invezz.com

trading start → Результатов: 126


Top 5 Metaverse Crypto Coins With a Market Cap Below $9 Million to Watch in March 2022

As this week ends, crypto markets continue their bullish rise, with Bitcoin and Ethereum trading above $44k and $3. 1k, respectively. In response, Metaverse crypto coins are also seeing significant price hikes, with many experiencing double-digit percent price gains, making this a perfect opportunity to start accumulating underrated and undervalued projects.

2022-3-27 16:42


What to look out for in a cryptocurrency broker!

Source: https://unsplash.com/photos/9opiHRPIvR0 Do you want to start trading cryptocurrencies, but you aren’t sure where to start? The answer is: finding the right broker! In this article, we want to give you helpful tips and tricks on finding the perfect cryptocurrency broker! What is a cryptocurrency broker? If you are a beginner, the first question we […] The post What to look out for in a cryptocurrency broker! appeared first on CaptainAltcoin.

2021-12-8 14:52


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru