Bitwise Ethereum Strategy ETF (AETH) USD Price

The Bitwise Ethereum Strategy ETF (AETH) is a futures ETF issued by Bitwise Asset Management, and made its debut on November 1, 2023. As a futures ETF, AETH invests in Ethereum futures contracts rather than directly holding Ethereum itself. The fund's primary objective is to mirror Ethereum's price movements through futures contracts available on commodity exchanges. Consequently, the ETF's performance can diverge from the spot price of Ethereum, influenced by factors such as contract rollover, prevailing futures market conditions, and the unique investment strategies implemented by the fund. The ETF charges an annual management fee of 0.92%.

Bitwise Asset Management is a San Francisco-based company specializing in the management of cryptocurrency index funds. Established in 2017, the firm is recognized for creating the first cryptocurrency index fund, the Bitwise 10 Private Index Fund, which tracks the performance of the top ten largest cryptocurrencies by market capitalization. Bitwise aims to provide investors with a diversified, transparent, and regulated way to gain exposure to the digital asset market.

The company's core business activities revolve around developing and managing index and beta funds that cater to institutional investors, financial advisors, and private wealth managers. Bitwise leverages its expertise in index construction, crypto research, and execution to offer products that simplify the complexities of investing in the digital asset space. Its product suite includes various funds that focus on different market segments, such as decentralized finance (DeFi) and other blockchain technologies.

Bitwise is also known for its efforts to improve transparency and regulatory compliance within the cryptocurrency investment sector. The firm regularly publishes research and analysis reports that contribute to the broader understanding of market trends and developments in the digital asset ecosystem. Moreover, Bitwise engages with regulatory bodies and industry stakeholders to advocate for clearer guidelines and standards, aiming to enhance the credibility and stability of the digital asset markets.

In the broader digital asset ecosystem, Bitwise plays a critical role by providing structured investment vehicles that allow for broader participation in the cryptocurrency markets. Its focus on research-driven insights and compliance-oriented operations aids in bridging the gap between traditional financial markets and the emerging digital asset class.