Trending...
- Governor Newsom honors fallen California Highway Patrol Officer Miguel Cano
- Governor Newsom marks historic expansion of California's Film and Television Tax Credit Program, announces 16 new projects to film in the Golden State
- California: Governor Newsom announces appointments 7.2.25
SAN FRANCISCO ~ Bitwise Asset Management, the largest crypto index fund manager in America, announced today that two groundbreaking Ethereum-themed ETFs will begin trading on Monday, October 2. The Bitwise Ethereum Strategy ETF (ticker: AETH) and the Bitwise Bitcoin and Ether Equal Weight Strategy ETF (ticker: BTOP) will give investors the opportunity to gain exposure to CME Ether futures through the widely popular and regulated ETF format.
Hunter Horsley, CEO of Bitwise Asset Management, said "Ethereum now has billions in revenue, millions of users, and thousands of distinct apps and developers. 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."
The portfolio opportunity with Ethereum is broader than bitcoin according to Matt Hougan, CIO of Bitwise Asset Management. He said "Some investors consider Ethereum an alternative while others see it as a traditional growth investment. It has elements of both. 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."
More on The Californer
Historical performance data reinforces Ethereum's distinct return pattern relative to stocks. Over the past five years it had a median correlation with large cap equities (S&P 500 Index) of 0.28; blue-chip tech stocks (Nasdaq-100 Index) of 0.33; small-cap equities (Russell 2000 Index) of 0.24;5 Hougan added "Every time people use an Ethereum-based app they pay a fee in Ethereum which ultimately accrues value to investors in a manner similar to stock buybacks."
The launch adds to Bitwise's broad suite of professionally managed vehicles which includes five ETFs: Bitwise Crypto Industry Innovators ETF (ticker: BITQ), Bitwise Bitcoin Strategy Optimum Roll ETF (ticker: BITC), Bitwise Web3 ETF (ticker: BWEB), Bitwise Ethereum Strategy ETF (ticker: AETH), and Bitwise Bitcoin and Ether Equal Weight Strategy ETF (ticker: BTOP). The expense ratio for both AETH and BTOP is 0.85%.
The launch of these two groundbreaking products gives investors access to CME Ether futures through a regulated format while providing them with an opportunity to participate in its growth with confidence.
Hunter Horsley, CEO of Bitwise Asset Management, said "Ethereum now has billions in revenue, millions of users, and thousands of distinct apps and developers. 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."
The portfolio opportunity with Ethereum is broader than bitcoin according to Matt Hougan, CIO of Bitwise Asset Management. He said "Some investors consider Ethereum an alternative while others see it as a traditional growth investment. It has elements of both. 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."
More on The Californer
- Utah Metal Fabricator Titan Forge Builds Momentum with Custom Steel Projects and Spiral Staircases
- Jason Koch: Pioneering the Future of Real Estate Development in New Jersey
- Amid Trump's assault on public lands, California conserves over one million acres of land and coastal waters in just one year
- California: Governor Newsom announces appointments 7.7.25
- City of Long Beach to Upgrade Its Internet Infrastructure to Enhance City Network Reliability and Performance
Historical performance data reinforces Ethereum's distinct return pattern relative to stocks. Over the past five years it had a median correlation with large cap equities (S&P 500 Index) of 0.28; blue-chip tech stocks (Nasdaq-100 Index) of 0.33; small-cap equities (Russell 2000 Index) of 0.24;5 Hougan added "Every time people use an Ethereum-based app they pay a fee in Ethereum which ultimately accrues value to investors in a manner similar to stock buybacks."
The launch adds to Bitwise's broad suite of professionally managed vehicles which includes five ETFs: Bitwise Crypto Industry Innovators ETF (ticker: BITQ), Bitwise Bitcoin Strategy Optimum Roll ETF (ticker: BITC), Bitwise Web3 ETF (ticker: BWEB), Bitwise Ethereum Strategy ETF (ticker: AETH), and Bitwise Bitcoin and Ether Equal Weight Strategy ETF (ticker: BTOP). The expense ratio for both AETH and BTOP is 0.85%.
The launch of these two groundbreaking products gives investors access to CME Ether futures through a regulated format while providing them with an opportunity to participate in its growth with confidence.
Filed Under: Business
0 Comments
Latest on The Californer
- Bach and Beyond: Cellists Return to the Beach for 2nd Annual Bethany Beach Cellofest
- Boleros de Noche presents "Marisoul y Los Hermanos Carlos" & "Bolero Soul" at The Ford
- Krispy Kreme, Inc. (DNUT) Investors Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit
- The 17th Annual Hola Mexico Film Festival presented by Toyota September 12-20 during Hispanic Heritage Month Official Poster Reveal
- NR7 Miner launches zero-cost USDT cloud mining service: daily stable income + referral rewards for double profit
- "The Grateful Dead — 60 Years in San Francisco" - Pantheon Media Launches New Podcast Series and Interactive "Hit Replay" App
- Deaths Spur Closures, but Troubled Teen Camps Must Be Banned, CCHR Warns
- Kiavi Expands Leadership Team to Further Bolster Construction Lending Growth
- Palmer Lake Wine Festival To Build Bridges in Small Mountain Community, Highlight Local Businesses
- Swim Up Hill Appoints Ambassador Lawson, Rep. Towns, and Banker Henderson to Board of Directors
- Paralympic Medalist Jamal Hill Launches Official Road to LA28 Campaign and $3M Corporate Fundraising Initiative
- AI-powered Virtual Staining of Biopsies for Transplant Diagnostics
- Jamal Hill, Duke of LA28 and ESPY Nominee, to Attend 2025 ESPYs and Host Exclusive LA28 Cocktail Party at Yamashiro Hollywood
- Swim Up Hill Games Launches Beta Version of Runner-Style Swim Game to Advance Global Water Safety
- Swim Up Hill, California Science Center Launch First Virtual Swim Experience in LA84-Funded Exhibit
- California: TOMORROW: Governor Newsom to join federal, state, and local leaders to recognize six-month anniversary of Los Angeles firestorms
- Skool Alternatives Reddit: Skool vs Circle vs Whop - Did you join one yet?
- Southern Soul Artist Moe Z Releases New Single 'Set It Out' Distributed by Morris Day Entertainment
- SacraPod Suites Unveils AI-Powered 'Work + Rest' Smart Hospitality Model for Retrofitting Underused Motels Across the U.S
- Green Jacket Gateway" System: Your Definitive Path to Golfing Greatness