Bitwise, a asset management company, has amended its Bitcoin spot ETF registration and confirmed that trading for two Ethereum (ETH) futures ETFs will commence on October 2nd.
The company revealed that trading is expected to begin for the Bitwise Ethereum Strategy ETF and Bitwise Bitcoin and Ether Equal Weight Strategy ETF. Bitwise stated that this move will allow investors to access Chicago Mercantile Exchange’s Ethereum futures contracts.
Matt Hougan, the company’s Chief Investment Officer, said:
“Ethereum offers a broader investment opportunity than Bitcoin. Some investors see Ethereum as an alternative, while others view it as a conventional growth investment, encompassing attributes of both.”
Many companies awaiting approval for Bitcoin spot ETFs have also entered the race for Ethereum ETFs. We recently reported that asset management company Invesco is exploring the possibility of introducing the Invesco Galaxy Ethereum ETF.
Bitwise, BlackRock, Invesco, and Valkyrie are still awaiting approval from the U.S. Securities and Exchange Commission (SEC) for their Bitcoin spot ETF applications, as the agency has delayed making a decision amid the impending U.S. government shutdown.