Bitwise Joins Ethereum  Spot ETF Race

Crypto investment firm Bitwise has submitted an application to the SEC to launch a spot Ethereum exchange-traded fund (ETF).

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The proposed “Bitwise Ethereum Trust” would hold Ethereum and potentially engage in staking activities through trusted providers to earn additional rewards.

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Staking involves locking up ETH to secure the Ethereum network and validate transactions, with participants receiving newly minted ETH as a reward.

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