Bitwise Asset Management confirmed that it will debut two new Ethereum futures exchange-traded funds (ETFs) and said these will start trading on Monday, Oct. 2. The company is currently the largest crypto index fund manager in the United States and announced that it will launch the Ethereum-themed ETFs called the Bitwise Ethereum Strategy ETF (AETH) and the Bitwise Bitcoin and Ether Equal Weight Strategy ETF (BTOP).

As per Crypto.News, the trading of AETH and BTOP ETFs, which officially begins today, will allow investors to discover and adopt the expanding Chicago Mercantile Exchange (CME) Ethereum futures market through a regulated ETF arrangement.

Why this is the Best Time for the Launch of AETH and BTOP

It was also stressed that the arrival of these new types of ETFs comes at a crucial time because the Ethereum-based applications have developed and grown a great deal. The chief executive officer of Bitwise, Hunter Horsley, said he is excited about the roll-out of the two Ethereum ETFs since the use of ETH has become widespread and continues to grow.

“Ethereum (ETH) now has billions in revenue, millions of users, and thousands of distinct apps and developers,” the CEO stated.

Bitwise’s chief information officer, Matt Hougan, commented, “Like alternatives, Ethereum’s correlation to traditional equities over the last two years has been low and trending lower. At the same time, its increased usage and cash flows suggest it has the characteristics of a growth asset. That combination makes Ethereum a distinct asset in portfolios.”

The Expanding Group of Ethereum ETF Managers

Finally, Crypto Slate noted that with the introduction of the Bitwise Ethereum Strategy ETF (AETH) and the Bitwise Bitcoin and Ether Equal Weight Strategy ETF (BTOP), Bitwise just joined the growing list of ETH ETF asset managers who are looking to set up Ethereum-based futures products after the U.S. Securities Exchange Commission give them the “go ahead” signal.

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