According to TechFlow, cryptocurrency asset management company Bitwise announced the launch of the Bitwise Ethereum ETF (stock code: ETHW) this morning. The main features of this ETF are as follows:

  • Invest directly and hold Ethereum (ETH).

  • The annual management fee is 0.20%, and it is free for the first 6 months or until the asset size reaches US$500 million.

  • Bitwise Investment Advisers, LLC will donate 10% of its profits to Ethereum open source developers.

  • The fund’s Ethereum wallet address is public to ensure transparency.

  • Managed by a team of cryptocurrency professionals.

#ETF #ETH