Bitwise Asset Management, the largest crypto index fund manager in America, has announced the launch of the Bitwise Bitcoin ETF (BITB), which will begin trading on January 11th. This new ETF will join Bitwise’s suite of 18 crypto investment products and will trade on the NYSE Arca under the ticker BITB. The management fee will … Read more
The race among Spot Bitcoin ETF issuers is intensifying as Bitwise has gained interest from an investor to seed its ETF with $200 million, potentially overtaking BlackRock and gaining an advantage in meeting client demands. Bitwise’s intention to lead the way in the ETF market was displayed through its commercial release. Meanwhile, other issuers like … Read more
Asset manager Bitwise has withdrawn its application to convert its Bitcoin futures ETF into one that invests in both Bitcoin and Ethereum futures contracts, leading to speculation about the decision’s meaning for Ethereum futures ETFs. Bloomberg Analyst James Seyffart believes the move was made because Bitwise doesn’t see the benefit in having a dual BTC … Read more
