Today cryptocurrency There is activity in the market. Bitcoin and altcoins In addition to the rise Ethereum ETF There have also been new developments on the subject.
While VanEck launched an Ethereum futures ETF, NYSE Arca filed with the SEC to convert Grayscale’s Ethereum Trust into a spot Ethereum ETF.
VanEck and Grayscale is a cryptocurrency index fund based outside the United States. Bitwise Asset Management’ETF news came from .
According to this Bitwise announced that two separate ETFs, the Bitwise Ethereum Strategy ETF (AETH) and the Bitwise Bitcoin and Ether Equal Weight Strategy ETF (BTOP), will launch on October 2.
At this point, participating in CNBC’s Squawk Box program Bitwise CIO Matt Hougan confirmed that two new Ethereum-themed ETFs will begin trading today.
Bitwise CIO Matt Hougan stated the following in his statement:
“Ethereum’s portfolio opportunity is broader than Bitcoin.
Some investors see Ethereum as an alternative, while others see it as a traditional growth investment. There are elements of both.
Like alternatives, Ethereum’s correlation with traditional stocks has been low and trending downward for the past two years.
At the same time, its increasing usage and cash flows indicate that it has the characteristics of a growth asset. These combinations make Ethereum a separate asset in portfolios.”
Bitwise CEO Hunter Horsley pointing out that Ethereum has millions of users and thousands of different applications. He stated that giant names and brands such as Nike, Starbucks, Adidas, Pepsi, PayPal, JPMorgan and others have created applications on Ethereum.
“AETH and BTOP give investors the opportunity to participate in this growth safely through regulated ETFs.”
*This is not investment advice.
For exclusive news, analysis and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Android And iOS Start live price monitoring now by downloading our applications!