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Bitwise’s Ethereum ETF launch is planned for October 2

As recently reported, Bitwise Asset Management has updated its application for a Bitcoin exchange-traded fund (ETF).Bitcoin), confirmed that two ETFs were trading in Ether futures at the same time (ETH) will start on October 2.
Company clarified Bitwise Ethereum Strategy ETF and Bitwise Bitcoin and Ether Equal Weight Strategy ETF will begin trading. Bitwise, this initiative will allow investors to access Ether futures offered by the Chicago Mercantile Exchange.
Matt Hougan, the firm’s chief investment officer, commented:

“Ethereum offers a broader portfolio opportunity than Bitcoin. Some investors view Ethereum as an alternative, while others perceive it as a traditional growth investment that encompasses features of both.”

Many companies awaiting approval for the Spot Bitcoin ETF have also entered the Ethereum ETF race. Cointelegraph recently reported that asset management firm Invesco was also exploring the possibility of launching this platform.Invesco Galaxy Ethereum ETF.
Bitwise, BlackRock, Invesco and Valkyrie are still waiting for their spot Bitcoin ETF applications to be approved by the US Securities and Exchange Commission (SEC), which has delayed the decision due to the upcoming US government shutdown.
Additionally, the outcome of the Grayscale lawsuit supporting the conversion of the Grayscale Bitcoin Trust (GBTC) into a Bitcoin ETF may impact the SEC’s decision regarding approval of spot Bitcoin ETF applications. A US court on August 29 Set the stage for approval of Grayscale’s spot Bitcoin ETFovercoming the agency’s objections.
Meanwhile, Bloomberg analyst James Seyffart Full list of nine Ethereum Futures ETFs published HE Will receive immediate SEC approval for launch on Monday, October 2, 2023.

Translation by Walter Rizzo

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