Why This ETF Expert Is Bullish on Ethereum and Says Washington’s Crypto Stance Is Misunderstood
Summary
Bitwise Asset Management launched two successful ETFs: a spot bitcoin ETF with over $1.2 billion in nine months and a spot ether ETF with over $250 million in 84 days. Assets under management grew from $1 billion to $5 billion, aided by the acquisition of ETC Group. Bitwise aims to normalize crypto in investment portfolios and has filed to convert three crypto futures ETFs into trend-following funds. Despite mixed sentiment on Ethereum, it remains crucial for stablecoins and tokenization projects. Political shifts in Washington indicate a less adversarial stance towards crypto, with potential benefits for the industry regardless of election outcomes. A stablecoin bill is expected, with varying impacts based on the winning candidate.
