Trending...
- Cal State LA named Pathway Champion for advancing equitable transfer pathways
- New Book "Curing Racism" Offers Hopeful Path to Healing America's Deepest Divide
- J French's #1 Album "I Don't Believe in Bad Days" Enters the Grammy Conversation
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
- Community Seeks Justice 40 Years After Timothy Charles Lee's Death with Memorial Walk
- SecurePII Raises US$3.5M (A$5M) to Unlock AI and Compliance for Voice Data and Expands Global Presence
- California: Governor Newsom announces appointments 10.30.2025
- California deploys search and rescue personnel to Jamaica following Hurricane Melissa
- Long Beach Parks, Recreation and Marine to Offer Winter Recreation Classes
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
- Lick Pineapple Flavored Massage Oil Outperforming and Enticing
- City of Long Beach Unveils New Interim Housing Facility at 5950 Long Beach Blvd.
- California: Governor Newsom and First Partner Jennifer Siebel Newsom announce revamped Golden Bear Pass has significantly increased access to state parks
- Erika Christensen Draws Crowd at Ultimate Women's Expo LA with Message of Mental Resilience
- For Election Day: Treat yourself to a funny poem and a song about politics called "Run For Office"
- 75th Anniversary of Dianetics Sparks Interest in Understanding the Human Mind
- Are you afraid of your own mind?
- Jason Dohring Captivates Audience with Candid Talk on Self-Discovery and Confidence
- California to help San Jose lower its unsheltered homelessness through new cooperative agreement
- Cerberus ODC in Collaboration with NVIDIA Launches All-American AI-RAN Stack, Enabling AI-Native 5G Today and Accelerating the Path to 6G
- National Compliance Firm issues Artificial Intelligence Policy Program for Mortgage Banking
- Pastor Darrell Armstrong Suspends Gubernatorial Campaign And Endorses Mikie Sherrill
- Asurf Oluseyi Premieres 3 Cold Dishes in America, Backed by Burna Boy & Mrs. Bose Ogulu
- A Women's Table: LA - Dr. Shawna Charles reminds women they deserve a seat at the table
- Dr. Johnny Shanks Attends Full Arch Growth Conference 2025
- Offline Asset Protection: NJTRX Implements 98 Percent Cold Storage as Industry Faces 2 Billion USD Losses
- Thousands of Smiles, Millions of Logo Views: RoarFun Brings Emotions Into Premium Retail Spaces with Formula Simulator for Immersive Brand Activation
- Qvarz LLC Expands Global Reach with High-Precision Quartz Cuvettes and Optical Components
- $300 Million Web3 Initiative and ZIGChain Partnership Power $20 Target in Noble Capital Markets Report for SEGG Media (N A S D A Q: SEGG)
- Assent Recognizes Manufacturers for Leading Supply Chain Sustainability Programs