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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.

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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