Bitwise, a cryptocurrency asset management firm, expressed interest in launching an exchange-traded product (ETP) covering Ethereum’s layer-2 (L2) networks and applications. Chief Investment Officer Matt Hougan highlighted confidence in Ethereum’s future but suggested uncertainty over which L2s and apps will succeed. Bitwise filed for a spot Ether ETF, hoping for December approval. Analysts speculate on SEC’s readiness, with Grayscale optimistic about resolving common ETF issues.