Bitwise has submitted an application for an Ethereum Exchange-Traded Fund (ETF) following successful results with its Bitcoin ETF. The application includes a study on the correlation between ETH and BTC to show the SEC why they should approve an Ethereum ETF based on similar market dynamics.

Bitwise is expanding its investment portfolio by entering the Ethereum market with the introduction of the Bitwise Ethereum Strategy ETF (AETH), offering investors the chance to trade Ethereum futures.

Unlike its competitors, Bitwise's ETF proposal does not mention staking, making it stand out in the crowded ETF market. The proposed Ethereum ETF for listing on the NYSE lacks key information like the ticker symbol and fees in its public filings.

The 19b-4 paper also includes a thorough correlation study that illustrates a strong market connection between ETH spot and futures, akin to Bitcoin, using the SEC's methodologies.

The Securities and Exchange Commission (SEC) has postponed decisions on Ethereum Exchange-Traded Funds (ETFs) until the end of May. This delay reflects the challenges and expectations of integrating cryptocurrencies into traditional financial instruments.