Bitwise To Launch Two Ethereum Futures ETFs
Portfolio Pulse from Murtuza Merchant
Bitwise Asset Management plans to launch two Ethereum futures ETFs, AETH and BTOP, on October 2. AETH will invest predominantly in regulated CME Ether futures, focusing on front-month contracts. BTOP will provide equal exposure to regulated CME Bitcoin and Ether futures. Both funds have Bank of New York Mellon Corp as their custodian and an expense ratio of 0.85%. Other asset managers, Valkyrie and VanEck, are also planning to incorporate Ethereum futures into their offerings.
September 29, 2023 | 8:36 pm
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POSITIVE IMPACT
Bank of New York Mellon Corp is the custodian for Bitwise's new Ethereum futures ETFs, AETH and BTOP.
Being the custodian for Bitwise's new ETFs could increase the bank's revenues and reputation in the crypto market.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Bitwise's new ETF, BTOP, will provide equal exposure to regulated CME Bitcoin and Ether futures.
The launch of BTOP could increase the demand for Bitcoin futures, potentially affecting the price of Bitcoin.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Valkyrie plans to incorporate Ethereum futures into its existing Bitcoin ETF, BTF.
The incorporation of Ethereum futures into BTF could increase the demand for the ETF, potentially affecting its price.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Bitwise's new ETFs, AETH and BTOP, will invest in regulated CME Ether futures.
The launch of AETH and BTOP could increase the demand for Ether futures, potentially affecting the price of Ether.
CONFIDENCE 80
IMPORTANCE 100
RELEVANCE 100