{"id":165792,"date":"2023-09-30T18:20:13","date_gmt":"2023-09-30T12:50:13","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=165792"},"modified":"2023-09-30T18:20:13","modified_gmt":"2023-09-30T12:50:13","slug":"bitwise-announces-ethereum-etf-launch-on-oct-2-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bitwise-announces-ethereum-etf-launch-on-oct-2-crypto-news\/","title":{"rendered":"Bitwise announces Ethereum ETF launch on Oct. 2 – Crypto News"},"content":{"rendered":"
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Bitwise Asset Management has revised its spot Bitcoin (BTC<\/a>) exchange-traded fund (ETF) application and confirmed that trading for two Ether (ETH<\/a>) futures ETFs will commence on Oct. 2.<\/p>\n

The firm has revealed<\/a> that trading is scheduled to commence for the Bitwise Ethereum Strategy ETF and the Bitwise Bitcoin and Ether Equal Weight Strategy ETF. Bitwise stated that this move will enable investors to access Chicago Mercantile Exchange Ether futures.<\/p>\n

The firm\u2019s chief investment officer, Matt Hougan, said:<\/p>\n

\u201cEthereum offers a more extensive portfolio opportunity compared to Bitcoin. Some investors view Ethereum as an alternative, while others perceive it as a conventional growth investment, encompassing attributes of both.\u201c<\/p><\/blockquote>\n

Numerous companies awaiting approval for a spot Bitcoin ETF have also entered the Ethereum ETF race. Cointelegraph recently reported that asset management company Invesco is also exploring the possibility of introducing the Invesco Galaxy Ethereum ETF.<\/a><\/p>\n

Bitwise, BlackRock, Invesco and Valkyrie still await approval for their spot Bitcoin ETF applications\u00a0by the United States Securities and Exchange Commission (SEC), which has delayed making a decision<\/a> amid a looming U.S. government shutdown.<\/p>\n

Related: <\/em><\/strong>Valkyrie backtracks on Ether futures contract purchases until ETF launch<\/em><\/strong><\/a><\/p>\n

Additionally, the outcome of the Grayscale lawsuit, which supports the transformation of the Grayscale Bitcoin Trust (GBTC) into a Bitcoin ETF, might influence when the SEC makes a decision regarding approving spot Bitcoin ETF applications. On Aug.29, a U.S. court paved the path for the approval of the Grayscale spot Bitcoin ETF<\/a> by dismissing the agency\u2019s objections.<\/p>\n

Meanwhile, Bloomberg analyst James Seyffart has disclosed the complete roster<\/a> of nine Ethereum Futures ETFs slated to receive expedited approval from the SEC for their launch on Monday, Oct. 2, 2023.<\/p>\n

Magazine: <\/em><\/strong>Crypto regulation: Does SEC Chair Gary Gensler have the final say?<\/em><\/strong><\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Bitwise Asset Management has revised its spot Bitcoin (BTC) exchange-traded fund (ETF) application and confirmed that trading for two Ether (ETH) futures ETFs will commence on Oct. 2. The firm has revealed that trading is scheduled to commence for the Bitwise Ethereum Strategy ETF and the Bitwise Bitcoin and Ether Equal Weight Strategy ETF. Bitwise […]<\/p>\n","protected":false},"author":2,"featured_media":165793,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-165792","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/165792","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=165792"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/165792\/revisions"}],"predecessor-version":[{"id":165795,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/165792\/revisions\/165795"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/165793"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=165792"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=165792"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=165792"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}