Ethereum

Franklin

Bitwise Asset Management made a striking debut with its latest Ethereum exchange-traded fund (ETF) on Thursday, showcasing it with a prominent banner at the New York Stock Exchange. The banner, showing “ETHW, Bitwise Ethereum ETF,” was prominently displayed across Wall Street, as highlighted in a video shared by Teddy Fusaro, Bitwise’s president. 
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The launch of the Bitwise ETHW ETF on Tuesday proved to be a significant success, garnering an impressive $204 million in net inflows on its first day. The momentum continued, with the ETF attracting $29.6 million on Wednesday and $16.3 million on Thursday, according to SosoValue <a href="https://sosovalue.com/bigChart/Etf_NYSE_ETHW?title=Bitwise(ETHW)&amp;coin=ETH" target="_blank" rel="noreferrer noopener nofollow">data</a>. 
In a notable reaction, Balaji Srinivasan, former CTO of Coinbase, <a href="https://x.com/balajis/status/1816695480014741752" target="_blank" rel="noreferrer noopener nofollow">commented</a> on X, suggesting that the SEC “surrenders to a more powerful regulator” — implying that Ethereum now offers a new standard for market access. 
Meanwhile, the broader U.S. spot ether ETFs faced a challenging start, with $152.3 million in net outflows on Thursday. Bitwise’s success amid this backdrop underscores the growing interest and confidence in Ethereum-based financial products. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/07/26/franklin-templeton-sbi-holdings-to-launch-crypto-etf-firm-in-japan/" target="_blank" rel="noreferrer noopener">Franklin Templeton &amp; SBI Holdings to Launch Crypto ETF Firm in Japan</a> 
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Bitwise Promotes Ethereum ETF with Eye-Catching NYSE Banner

The Crypto Times

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