Bitwise to launch Ethereum ETF on 2nd October

Bitwise is an asset management company and they have announced for Ethereum ETF. Things in crypto markets are going in a different direction and now ETF is more of the focus by different companies including Blackrock which is the leading name in the list. Bitwise has also done something here and they announced the Ethereum etf that will be tradable from 2nd October onwards. This is good for Ethereum because after this launch probably we can see more demand for this coin in the market and after Bitcoin Ethereum will be the second coin that leads the segment and stays in the second slot.

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There is also news that the sec has put on hold or a kind of delay on Bitcoin etf so this year we are not going to see much on this side however the next year can be important. It is good that such asset management companies are trying to bring products that are backed by cryptocurrencies and this will also drive more demand in the market which is going to benefit the global community.

The firm has revealed that trading is scheduled to commence for the Bitwise Ethereum Strategy ETF and the Bitwise Bitcoin and Ether Equal Weight Strategy ETF. Bitwise stated that this move will enable investors to access Chicago Mercantile Exchange Ether futures.

Although this is happening majorly in the U.S. as of now if it goes well then probably many other countries are going to adopt the same trend. In this crypto market, it always happens that when something goes well other countries or companies follow the same in different markets so if this is applicable then it is going to make a bigger change. We are not sure how things will be with Bitcoin etf by Blackrock which is expected to be approved but a higher probability is expected in the next year.

It is also been discussed in social media that the sec will not be rejecting this bitcoin ETF so let's see how it goes. We also have Bitcoin halving in the next year 2024 and if in between we get the Bitcoin ETF approved then the probability for the next bull run market will be much stronger.

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