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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."
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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."
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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.
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