Bitwise Asset Management, the crypto specialist and the largest crypto index fund manager in America, has announced the historic approval of the New York Stock Exchange’s 19b-4 filing for Bitwise’s first spot Ethereum ETF. Bitwise intends for the fund to begin trading once the SEC declares its S-1 Registration Statement effective.
“We’ve long said that Ethereum is the most exciting programmable blockchain and targets a completely different use case than Bitcoin,” said Bitwise CIO Matt Hougan. “It’s the global supercomputer that’s home to many of crypto’s biggest real-world use cases. Thanks to today’s news, we’re much closer to offering investors professionally managed exposure to ETH, the asset that fuels the Ethereum blockchain, in a format that’s as familiar and easy to trade as a stock. That’s exciting progress indeed.”
Ethereum has become the foundation for some of the most popular applications of crypto today, from stablecoins and non-
