Bitwise noted that AETH is regulated CME Ether futures directed at contracts, while BTOP will provide equal exposure to regulated CME Bitcoin Futures and CME Ether futures.
The Exchange traded funds or ETFs market has continued to see a rise in action as three asset management firms have joined the Ethereum Futures ETF race.
Bitwise launch ETF
A new press release from the company has revealed that Bitwise Ethereum Strategy ETF (AETH) and the Bitwise Bitcoin and Ether Equal Weight Strategy ETF (BTOP), which seeks to give investors access to a regulated and widely popular investment vehicle.
Bitwise noted that AETH is regulated CME Ether futures directed at contracts, while BTOP will provide equal exposure to regulated CME Bitcoin Futures and CME Ether futures.
“Ethereum now has billions in revenue, millions of users, and thousands of distinct apps and developers,” said Bitwise CEO Hunter Horsley. “As the leading operating system for crypto, Ethereum has spread like wildfire. With blue-chip brands like Nike, Starbucks, Adidas, Pepsi, PayPal, JPMorgan, and others building and using applications on Ethereum, the momentum is only building. AETH and BTOP give investors the opportunity to participate in that growth with confidence through regulated ETFs.”
Read more: Grayscale files to convert Ethereum Trust to spot Ether ETF
More in the competition
The VanEck Ethereum Strategy ETF (EFUT) also went live on Monday. It invests in standardized, cash-settled ETH futures contracts sold on exchanges that are members of the Commodity Futures Trading Commission. The company’s 2021-launched bitcoin futures ETF now includes the fund.
“While investors still do not have the means to gain exposure to digital assets here in the US via a spot ETF product, we’re very pleased to be launching EFUT as a means to access the robust futures market that has developed around ETH itself,” Kyle DaCruz, VanEck’s director of digital asset product, said in a statement.
ProShares also unveiled the debut of its ProShares Ether Strategy ETF (EETH), “the first ETF to target the performance of the cryptocurrency Ether,” according to ProShares.
There are now a total of 12 spot Bitcoin-related ETF filings, four spot Ethereum ETF filings, and seven Ether futures-related ETFs on the SEC’s docket.
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