According to Odaily Planet Daily, Bitwise released a new Ethereum correlation analysis as part of its new Ethereum spot ETF application. This is the first Ethereum correlation analysis, replicating the specific method used by the SEC in evaluating Bitcoin. The correlation values ​​for the entire sample time period differed by no more than 0.2% in hourly correlation, 5% in five-minute correlation, and 8% in one-minute correlation. Bitwise believes that the analysis results show a strong correlation between the ETH spot market and the CME ETH futures market, which is very similar to the SEC's research findings in the Bitcoin spot ETF approval order.