Bitwise unveils plans for Ethereum and Bitcoin ETF trading, granting investors access to Ethereum futures. SEC delays decisions on top Bitcoin ETF applications due to a government shutdown.
Bitwise, a leading player in the crypto investment space, has announced its intention to commence trading for the Bitwise Ethereum Strategy ETF and the Bitwise Bitcoin and Ether Equal Weight Strategy ETF. This strategic move aims to provide investors with exposure to Ethereum futures listed on the Chicago Mercantile Exchange (CME).
Matt Hougan, the Chief Investment Officer at Bitwise, believes Ethereum offers a broader spectrum of investment opportunities compared to Bitcoin. Some view Ethereum as an alternative asset, while others see it as a traditional growth investment that combines elements of both.
Meanwhile, the United States Securities and Exchange Commission (SEC) has deferred its decision on several prominent Bitcoin ETF applications, including those from Bitwise, BlackRock, Invesco, and Valkyrie. The delay is attributed to a government shutdown.
Additionally, the outcome of the Grayscale lawsuit, which seeks to transform the Grayscale Bitcoin Trust (GBTC) into a Bitcoin ETF, could impact the SEC’s timeline for Bitcoin ETF approvals. A recent U.S. court ruling cleared the way for the Grayscale spot Bitcoin ETF’s approval by dismissing the SEC’s objections.