Bitwise Asset Management has announced the launch of its Bitwise Ethereum ETF (ticker: ETHW) on the New York Stock Exchange, marking a milestone in the US Web3 market. The spot Ethereum fund aims to provide investors with direct exposure to the second-largest Web3 ecosystem by market capitalisation.

To support the Ethereum ecosystem, Bitwise has pledged to donate 10% of all ETHW profits to two key organisations: Protocol Guild and PBS Foundation. These entities play crucial roles...