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Crypto Specialist Bitwise’s First-Ever Spot Ethereum ETF Receives Key SEC Approval
Bitwise Asset Management, the premier crypto specialist and 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-fungible tokens (NFTs) to decentralized finance and tokenization. In recent years, many of the world’s top global brands, including Nike, Starbucks, Tiffany & Co., and JPMorgan, have built projects on the Ethereum blockchain. The blockchain’s growing popularity has driven ETH, the asset that powers it, to a market cap of more than $450 billion—second only to Bitcoin among digital assets.1
“We started Bitwise to give investors exposure to one of the greatest technological innovations in a generation: crypto,” said Bitwise CEO Hunter Horsley. “Days like today reinforce the importance of that mission. It also gives us great hope as we witness crypto’s unflagging march to the mainstream. We look forward to a day soon when investors can readily access one of the most dynamic assets in crypto.”
Founded in 2017, Bitwise partners with more than 4,000 advisor teams, RIAs, family offices, and institutions to serve tens of thousands of investors. The firm today offers a suite of six crypto-linked ETFs, which would grow to seven with the addition of the spot Ethereum ETF, along with 13 other crypto investment products.
Companies In This Post
- CBI Drives Verification of Payee Compliance in Italy Read more
- Lastro Secures $15M Series A Led by Prosus Ventures to Scale its AI Agent, Empowering Over 2M Homebuyers Read more
- Evertec Announces Closing of Controlling Stake in Tecnobank, Expanding Product Offering in Brazil Read more
- EXCLUSIVE: “Scaling Safely – Without Debanking” – Imam Saygili, Flagright in ‘The Fintech Magazine’ Read more
- APIs Driving Embedded Finance Innovation Read more
On-Chain KYC(R) 2.0 Transforms Digital Identity with Privacy-Preserving Blockchain Attestations
Blockpass, the identity verification and compliance service for blockchain and beyond, is excited to announce the launch of its new and improved On-Chain KYC® 2.0. With the adoption of crypto growing rapidly, Blockpass has created a flexible, powerful solution for blockchain identity verification and attestation which doesn’t compromise on privacy or security.
Triple-A Adopts iPiD’s Payee Verification to Bring Trust to Stablecoin and Fiat Payments Globally
iPiD, the leading provider in Know Your Payee (KYP) solutions worldwide, today announced it will power payee verification for Triple-A, a Singapore-headquartered and Monetary of Authority of Singapore (MAS)-licensed digital currency payment institution.
Mesh Announces Mesh AI Wallet At TOKEN2049
Mesh, the leading crypto payments network, today unveiled the future of agentic commerce during a live demo at TOKEN2049, demonstrating an AI agent completing a crypto transaction. The demonstration highlighted how an AI agent can seamlessly complete a real world ecommerce purchase using stablecoins, in this case finishing a purchase of dog food from a retailer.
GLEIF and Chainlink Form Strategic Partnership to Bring Institutional-Grade Identity Solution to Blockchain Industry
The Global Legal Entity Identifier Foundation (GLEIF), the only global source of open, standardized and high-quality legal entity reference data, and Chainlink, the industry-standard oracle platform, today announced a strategic partnership to create an institutional-grade identity solution for the blockchain industry.
IG Secures FCA Crypto Licence, Paving Way for Expanded Offering
Investing and trading platformIG has been granted a cryptoasset licence by the Financial Conduct Authority (FCA), enabling the firm to significantly expand its crypto offering for customers.
Mesta Secures $5.5 Million Seed Round to Redefine Cross-Border Payments
Mesta, the Global fiat + Stablecoin Payment Network, today announced it has raised a $5.5 million seed round led by Village Global, with participation from Circle Ventures, Paxos, and WTI - Western Technology Investment. Existing backers including Garuda Ventures, Canonical Crypto, Everywhere Ventures, and Inventum Ventures also reaffirmed their support.
Stripe Launches New Products To Drive Stablecoins and Agentic Commerce Into the Mainstream
Today, programmable financial services company Stripe announced new products to help businesses take advantage of AI and stablecoins to grow their revenue. The updates were part of Stripe Tour New York, the company’s annual product showcase in NYC, with over 40 new products and features launched.
CBI Drives Verification of Payee Compliance in Italy
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Lastro Secures $15M Series A Led by Prosus Ventures to Scale its AI Agent, Empowering Over 2M Homebuyers
Lastro, a Brazilian artificial intelligence proptech, announced a Series A round of $15 million led by Prosus Ventures, a global tech operator and investor and major shareholder in iFood and OLX. FJ Labs and Endeavor Scale-Up Ventures also participated in the round, along with existing investors Canary, QED and 1Sharpe Ventures.
Evertec Announces Closing of Controlling Stake in Tecnobank, Expanding Product Offering in Brazil
EVERTEC, Inc. (NYSE: EVTC) (“Evertec”, the “Company”, “we” or “our”) today announced that the Company has closed the previously announced transaction to acquire a controlling stake in Tecnobank Tecnologia Bancária S.A.
EXCLUSIVE: “Scaling Safely – Without Debanking” – Imam Saygili, Flagright in ‘The Fintech Magazine’
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APIs Driving Embedded Finance Innovation
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FinScan’s AML Software Solutions Integrate with LSEG World-Check On Demand
FinScan®, an Innovative Systems solution and leading provider of advanced anti-money laundering (AML) compliance solutions, today announced integration with and support for LSEG World-Check On Demand. FinScan is one of the first LSEG partners to announce support of the solution.
Sixfold Launches Referral Agent: Turning AI Insights Into Instant Underwriting Action
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