Bitwise Asset Management has announced that trading for two Ethereum-focused ETFs, the Bitwise Ethereum Strategy ETF ($AETH) and the Bitwise Bitcoin and Ether Equal Weight Strategy ETF ($BTOP), will commence on October 2, 2023. This decision comes after the firm amended its application for the spot Bitcoin ETF. According to the firm’s Chief Investment Officer, Matt Hougan, Ethereum offers a more extensive portfolio opportunity compared to Bitcoin, as some investors view it as an alternative, while others perceive it as a conventional growth investment. Invesco is also exploring the possibility of introducing the Invesco Galaxy Ethereum ETF. Meanwhile, the U.S. Securities and Exchange Commission (SEC) has delayed its decision regarding the Bitcoin ETF applications of Bitwise, BlackRock, and Invesco. The outcome of the Grayscale lawsuit, which supports the transformation of Grayscale Bitcoin Trust (GBTC) into a Bitcoin ETF, might significantly influence the situation when the U.S. SEC makes its decision, expected in 2024. Bloomberg analyst James Seyffart has revealed the complete roster of 9 Ethereum Futures ETFs that are slated to receive expedited approval from the SEC for their launch on Monday, October 2, 2023.

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Information	Details
Geography	North America
Countries
Sentiment	neutral
Relevance Score	9
People	James Seyffart, Gary Gensler, Matt Hougan
Companies	Invesco, U.S. Securities and Exchange Commission, CME Ether Futures, Bitwise Asset Management, Grayscale Bitcoin Trust.
Currencies	goBTC, Bitcoin, US Dollar, Ethereum, BotopiaFinance
Securities	None