🎉Big news comes from the blockchain industry again! According to BlockBeats, on September 1, Fox Business reporter Eleanor Terrett disclosed that Bitwise decided to withdraw its application for the "Bitcoin and Ethereum Market Cap Weighted Strategy ETF" submitted on August 3. The purpose of this fund is to provide investors with market cap-weighted exposure to BTC and ETH futures contracts.

This news is undoubtedly an important signal for friends who follow the cryptocurrency market. So, what does this withdrawal of the application mean? 🤔

First, we need to understand the main features of this fund. It is a fund designed to provide investors with market cap-weighted exposure to BTC and ETH futures contracts. In other words, investors can participate in Bitcoin and Ethereum investments more conveniently through this fund.

So why did Bitwise suddenly withdraw its application? The reasons behind this are still unknown, but what is certain is that this is a noteworthy change for the cryptocurrency market.

So, what impact will this withdrawal of the application have on the market? Although it is impossible to judge accurately yet, we can see from it that the regulatory environment of the cryptocurrency market is still full of variables. Investors need to be more cautious and take precautions against risks when participating in this market.

In general, this time Bitwise withdrew its application for the "Bitcoin and Ethereum Market Cap Weighted Strategy ETF", which undoubtedly had a certain impact on the market. However, as investors, we should stay calm, pay attention to market changes, take precautions against risks, and believe that the future of the cryptocurrency market is still full of opportunities.

Finally, everyone is welcome to share your views on this withdrawal application in the comment area, and let’s discuss the future direction of the cryptocurrency market! 😄