ETHW is Bitwise’s spot ether ETF. Unlike futures ETFs, which invest in Ethereum futures contracts, ETHW directly holds Ethereum. The fund aims to provide investors with direct exposure to the price movements of Ethereum, mirroring its market value without the complexities associated with futures contracts. As a result, the performance of this ETF closely tracks the spot price of Ethereum, making it a straightforward option for those looking to invest directly in the cryptocurrency.

Bitwise Asset Management is a prominent investment firm specializing in the digital asset sector. Founded in 2017, Bitwise is headquartered in San Francisco, California. The firm focuses on providing a range of investment products and solutions tailored to the cryptocurrency market, aiming to facilitate institutional and individual investor access to digital assets.

Bitwise is particularly recognized for its development of cryptocurrency index funds. The firm's flagship product, the Bitwise 10 Crypto Index Fund, seeks to track the performance of the ten largest cryptocurrencies, offering investors diversified exposure to the digital asset market. This approach is designed to mitigate the volatility associated with individual cryptocurrency investments by spreading risk across multiple assets.

In addition to its index funds, Bitwise is actively involved in developing educational resources and conducting research to enhance investor understanding of the digital asset landscape. The company's research reports and market insights are widely regarded as valuable contributions to the broader discourse on cryptocurrency investing.