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News Explorer — Bitwise Has Filed for a Spot Ethereum ETF, Joining Other Firms in the Race for Approval

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Mar 28, 9:29 pm
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Bitwise Has Filed for a Spot Ethereum ETF, Joining Other Firms in the Race for Approval

Bitwise has filed an application with the SEC to offer a spot Ethereum ETF, joining other companies in the race to bring the first Ethereum spot ETF to market. The proposed "Bitwise Ethereum Trust" would hold Ethereum and may stake a portion of the fund's assets to earn additional rewards. Traditional financial firms like BlackRock and Grayscale have also filed proposals for Ethereum spot ETFs, reflecting the demand for such products.

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