Bitwise Invest has submitted an updated prospectus to the US Securities and Exchange Commission (SEC) to transform their existing Bitcoin futures ETF into the “Bitwise Bitcoin and Ethereum Equal Weight Strategy ETF” in an effort to position themselves at the forefront of the Ethereum Futures ETF market. This comes as the SEC grapples with 15 Ethereum futures ETF proposals, with industry leaders Bitwise and Valkyrie submitting transformational proposals. The launch of the first Ethereum Futures ETF in the US could have a transformative impact on the cryptocurrency market, driving up demand for Ethereum and potentially bridging traditional finance with the crypto space. The winner of this race will shape the future of Ethereum and the cryptocurrency landscape as a whole.

AI Sentiment: Positive