On October 2, 2023, Bitwise Asset Management is launching two Ethereum-based ETFs: Bitwise Ethereum Strategy ETF (AETH) and Bitwise Bitcoin and Ether Equal Weight Strategy ETF (BTOP) 🚀. AETH invests in regulated Ether futures on the CME, and BTOP offers equal access to Bitcoin and Ether futures. Both ETFs have expense ratios of 0.85% and name Bank of New York Mellon as custodian.
The introduction of Ethereum-based ETFs opens a new chapter in cryptocurrency investing and encourages mass adoption of Ethereum-based applications. Ethereum represents a unique asset in investment portfolios, with low correlation to traditional stocks and growing usage and cash flows 💹.
The introduction of Ethereum-based ETFs opens a new chapter in cryptocurrency investing and encourages mass adoption of Ethereum-based applications. Ethereum represents a unique asset in investment portfolios, with low correlation to traditional stocks and growing usage and cash flows 💹.