Asset managers continue to actively explore digital asset products, with Bitwise poised to launch trading for two Ethereum-themed ETFs next week.
The release of the two products is expected to enable investors to gain exposure to CME Ether futures through the widely popular and regulated ETF format for the first time.
Bitwise’s Ethereum-Themed ETFs
One of the crypto index fund managers – Bitwise – announced that the trading of the Bitwise Ethereum Strategy ETF (AETH) and the Bitwise Bitcoin and Ether Equal Weight Strategy ETF (BTOP) will begin on Monday, October 2nd.
The Bitwise Ethereum Strategy ETF invests in regulated CME Ether futures focused on front-month contracts, while the Bitwise Bitcoin and Ether Equal Weight Strategy ETF provides equal exposure to regulated CME Bitcoin Futures and CME Ether Futures. The custodian for both funds is the Bank of New York Mellon (BNY), with an expense ratio of 0.85% each.
The latest development follows Bitwise’s announcement of filing t
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