Bitwise Asset Management made a striking debut with its latest Ethereum exchange-traded fund (ETF) on Thursday, showcasing it with a prominent banner at the New York Stock Exchange. The banner, showing “ETHW, Bitwise Ethereum ETF,” was prominently displayed across Wall Street, as highlighted in a video shared by Teddy Fusaro, Bitwise’s president.
The launch of the Bitwise ETHW ETF on Tuesday proved to be a significant success, garnering an impressive $204 million in net inflows on its first day. The momentum continued, with the ETF attracting $29.6 million on Wednesday and $16.3 million on Thursday, according to SosoValue data.
In a notable reaction, Balaji Srinivasan, former CTO of Coinbase, commented on X, suggesting that the SEC “surrenders to a more powerful regulator” — implying that Ethereum now offers a new standard for market access.
Meanwhile, the broader U.S. spot ether ETFs faced a challenging start, with $152.3 million in net outflows on Thursday. Bitwise’s success amid this backdrop underscores the growing interest and confidence in Ethereum-based financial products.
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