Ethereum ETFs launched by Bitwise

Ethereum ETFs launched by Bitwise

ETFs focused on Ethereum ETH/USD futures were introduced to the market.

This marked a significant milestone as these ETFs centered on Ethereum futures, coming just two years after the introduction of the first Bitcoin BTC/USD futures ETF, The Block reported.

As the digital currency industry evolves, discussions around such innovative financial products are expected to be a highlight at the upcoming event at Benzinga's Future of Digital Assets conference on November 14 in Washington, D.C.

ProShares, recognized for pioneering the first Bitcoin futures ETF in the U.S., has rolled out the ProShares Ether strategy ETF.

The company also introduced two more ETFs, including Bitcoin and Ethereum, with a scope that encompasses both.

It aims to 'capital appreciation' by investing in ether futures contracts.

Bitwise also announced this week that it will launch two ether futures ETFs this week: the Bitwise Bitcoin and Ether Equalweight Strategy ETF and the Bitwise Bitcoin and Ether Equalweight Strategy ETF.

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