EddieJayonCrypto
29 Mar 24
**Summary:** Bitwise has filed an application with the SEC to offer a spot Ethereum ETF, joining a crowded field of companies vying to bring the first Ethereum spot ETF to market. Traditional financial firms like BlackRock and Grayscale have also filed proposals for Ethereum spot ETFs, and some exp...
**Summary:** Bitwise has filed an application with the SEC to offer a spot Ethereum ETF, joining a crowded field of companies vying to bring the first Ethereum spot ETF to market. Traditional financial firms like BlackRock and Grayscale have also filed proposals for Ethereum spot ETFs, and some experts remain optimistic about the prospects for these products despite delays in SEC decisions. The potential impact of Ethereum spot ETFs on the cryptocurrency market could be significant, with billions of dollars flowing into Bitcoin spot ETFs following their approval in January. Bitwise filed an application with the Securities and Exchange Commission (SEC) to offer a spot Ethereum ETF. The proposed "Bitwise Ethereum Trust" would hold Ethereum (ETF) and may stake a portion of the fund's assets through trusted staking providers. Bitwise's entry into the race comes amid growing interest from traditional financial firms, and a Bitwise executive predicts that approval of an Ethereum spot ETF may not come until later in the year. Despite delays, some experts remain optimistic about the prospects for Ethereum spot ETFs, as traditional investors gain a more accessible avenue to invest in the asset.
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