Representatives of Bitwise Asset Management indicated that funding will also be received by organizations such as Protocol Guild and PBS Foundation.
“We cannot take Ethereum and the core properties of the protocol for granted. We are excited that ETHW will support the work of the Ethereum protocol team, who work tirelessly every day to improve the security, scalability, and usability of Ethereum,” the statement read.
Bitwise noted that the companies it plans to fund may change based on the annual review of funding plans.
Earlier, Bitwise Chief Investment Officer Matt Hougan said that Ethereum could see a rally once the ETH ETF starts trading. He said that capital inflows into new exchange-traded products will be the main catalyst for ETH price appreciation in the medium term.
Earlier, the head of the investment company The ETF Store, Nate Geraci, said that in the next few months, the market may launch a combined ETF based on three cryptocurrencies: Bitcoin, Ethereum, and Solana.
Source: Bits
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