Asset management firm Bitwise is set to launch two Ethereum-themed ETFs on October 2nd, allowing investors to gain exposure to CME Ether futures through a regulated ETF format for the first time. The Bitwise Ethereum Strategy ETF (AETH) invests in regulated CME Ether futures, while the Bitwise Bitcoin and Ether Equal Weight Strategy ETF (BTOP) offers equal exposure to regulated CME Bitcoin Futures and CME Ether Futures. Both funds have an expense ratio of 0.85% and are custodied by the Bank of New York Mellon (BNY).
Bitwise CIO Matt Hougan highlighted the broader portfolio opportunity with Ethereum compared to Bitcoin, noting its low correlation to traditional equities. Bitwise CEO Hunter Horsley emphasized Ethereum's growth, with major brands such as Nike, Starbucks, and JPMorgan building and using applications on the platform. Meanwhile, spot ETFs continue to face regulatory challenges, with the SEC prioritizing futures ETFs over spot products.
Bitwise CIO Matt Hougan highlighted the broader portfolio opportunity with Ethereum compared to Bitcoin, noting its low correlation to traditional equities. Bitwise CEO Hunter Horsley emphasized Ethereum's growth, with major brands such as Nike, Starbucks, and JPMorgan building and using applications on the platform. Meanwhile, spot ETFs continue to face regulatory challenges, with the SEC prioritizing futures ETFs over spot products.