Asset managers continue to actively explore digital asset products, with Bitwise poised to launch trading for two Ethereum-themed ETFs next week.

The release of the two products is expected to enable investors to gain exposure to CME Ether futures through the widely popular and regulated ETF format for the first time.

Bitwise’s Ethereum-Themed ETFs

One of the crypto index fund managers – Bitwise – announced that the trading of the Bitwise Ethereum Strategy ETF (AETH) and the Bitwise Bitcoin and Ether Equal Weight Strategy ETF (BTOP) will begin on Monday, October 2nd.

The Bitwise Ethereum Strategy ETF invests in regulated CME Ether futures focused on front-month contracts, while the Bitwise Bitcoin and Ether Equal Weight Strategy ETF provides equal exposure to regulated CME Bitcoin Futures and CME Ether Futures. The custodian for both funds is the Bank of New York Mellon (BNY), with an expense ratio of 0.85% each.

The latest development follows Bitwise’s announcement of filing the amended registration statements for both ETFs with the Securities and Exchange Commission (SEC).

Highlighting Ethereum-based applications’ considerable progress in recent years, the San Francisco-based asset manager’s CIO Matt Hougan said the portfolio opportunity with Ethereum is broader than bitcoin. The exec asserted that some investors deem ETH an alternative, and others view it as a traditional growth investment while adding that the asset has “elements of both.”

While explaining Ethereum’s unique position in portfolios, Hougan also pointed out that the asset’s correlation to traditional equities over the last two years has remained low and trending lower.

Bitwise CEO Hunter Horsley also commented on the upcoming Ethereum-themed ETFs in a statement,

“Ethereum now has billions in revenue, millions of users, and thousands of distinct