Bitwise
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Big Moves in the #Bitcoin Market This Week
1️⃣ #Grayscale Sold $33M worth of #BTC
2️⃣ #Bitwise Sold $66M worth of BTC
3️⃣ #ARK Sold $152M worth of BTC
4️⃣ #BlackRock Bought $2 BILLION worth of BTC
While major players are selling, BlackRock is buying big 🚀
$BTC $XRP $TRX
1️⃣ #Grayscale Sold $33M worth of #BTC
2️⃣ #Bitwise Sold $66M worth of BTC
3️⃣ #ARK Sold $152M worth of BTC
4️⃣ #BlackRock Bought $2 BILLION worth of BTC
While major players are selling, BlackRock is buying big 🚀
$BTC $XRP $TRX
Bitwise Plans To Convert Its 10 Crypto Index Fund into an ETP
#Bitwise Asset Management announced that NYSE Arca has applied to include the Bitwise 10 Crypto Index (BITW) fund in the list of #exchange -traded products.
The publicly traded trust fund worth $1.3 billion is currently listed on the OTCQX Best Market exchange.
"Bitwise believes that ETP is one of the most effective, convenient and useful tools for investing in cryptocurrency,— said Bitwise CEO Hunter Horsley. "We continue to strive to transform BITW into an ETP."
The transition to an ETP structure provides shareholders with significant benefits, including increased efficiency, protection from regulatory requirements and an arbitration mechanism.
This will allow the fund to more accurately match its net asset value (NAV), providing investors with greater liquidity.
Matt Hougan, Bitwise's chief investment officer, stated that since its founding in 2017, Bitwise has sought to provide investors with access to the revolutionary potential of cryptocurrencies.
He further explained that BITW has opened up new opportunities by becoming the first fund to offer a broad index approach to the cryptocurrency markets, and continues to lead its class.
BITW, launched in November 2017, became the first crypto index fund tracking the 10 largest crypto assets by market capitalization.
The fund became publicly traded on OTCQX in December 2020 and registered as an SEC reporting company in April 2021.
As of October 31, 2024, 75.1% of the fund's assets are Bitcoin, 16.5% — Ethereum, 4.3% — Solana, 1.6% — $XRP
, 0.7% — Cardano, 0.6% — Avalanche, 0.4% — Bitcoin Cash, 0.4% — Chainlink, 0.3% on Uniswap and 0.3% on Polkadot.
#NextMarketMoves
The publicly traded trust fund worth $1.3 billion is currently listed on the OTCQX Best Market exchange.
"Bitwise believes that ETP is one of the most effective, convenient and useful tools for investing in cryptocurrency,— said Bitwise CEO Hunter Horsley. "We continue to strive to transform BITW into an ETP."
The transition to an ETP structure provides shareholders with significant benefits, including increased efficiency, protection from regulatory requirements and an arbitration mechanism.
This will allow the fund to more accurately match its net asset value (NAV), providing investors with greater liquidity.
Matt Hougan, Bitwise's chief investment officer, stated that since its founding in 2017, Bitwise has sought to provide investors with access to the revolutionary potential of cryptocurrencies.
He further explained that BITW has opened up new opportunities by becoming the first fund to offer a broad index approach to the cryptocurrency markets, and continues to lead its class.
BITW, launched in November 2017, became the first crypto index fund tracking the 10 largest crypto assets by market capitalization.
The fund became publicly traded on OTCQX in December 2020 and registered as an SEC reporting company in April 2021.
As of October 31, 2024, 75.1% of the fund's assets are Bitcoin, 16.5% — Ethereum, 4.3% — Solana, 1.6% — $XRP
, 0.7% — Cardano, 0.6% — Avalanche, 0.4% — Bitcoin Cash, 0.4% — Chainlink, 0.3% on Uniswap and 0.3% on Polkadot.
#NextMarketMoves
Bitwise has set a notable milestone as the first Bitcoin ETF issuer to disclose the specific amount of Bitcoin held per share. This transparency provides investors with a clearer understanding of the ETF's Bitcoin holdings. #Bitwise #BitcoinETF 📊🚀
📣 BREAKING:
Bitwise makes history as the inaugural U.S. Bitcoin ETF to reveal its holdings' Bitcoin addresses
Enhancing transparency and trust in crypto investments! 🚀
#Bitwise #Write2Earn #etf
Bitwise makes history as the inaugural U.S. Bitcoin ETF to reveal its holdings' Bitcoin addresses
Enhancing transparency and trust in crypto investments! 🚀
#Bitwise #Write2Earn #etf
BlackRock and Bitwise Update Bitcoin ETF Filings with SEC
BlackRock and Bitwise have recently updated their filings for spot Bitcoin exchange-traded funds (ETFs) with the U.S. Securities and Exchange Commission (SEC). These frequent amendments may signal pivotal progress.
In its most recent updated submission, BlackRock, the asset management giant, filed an amended S-1 filing with the SEC for its proposed spot Bitcoin ETF.
Similarly, Bitwise, another major player in the digital asset management space, has also filed an amended application for its Bitcoin ETF just before BlackRock did. This update aligns with Bitwise’s strategic efforts to introduce a bitcoin ETF to the market, catering to the growing demand among investors for listed crypto investment options.
Leading financial establishments like BlackRock and Grayscale have been meeting with the SEC regarding their Bitcoin ETF filings. On Nov.28, the SEC officials met with BlackRock and the Nasdaq, as indicated by a memorandum. According to the memo’s note, BlackRock revised its In-Kind model design to address to the SEC’s concerns and “unresolved” questions regarding the model.
“Both the SEC and these issuers are working hard to iron things out,” said Seyffart. “These filings are likely the result of many conversations and a lot of man hours on/between both sides.”
Bitcoin is currently trading at around $41,870, marking a 13% up from a week ago, according to CoinMarketCap. Bitcoin price broke the $42,000 benchmark on Dec. 4 and was up 6.6% within 24 hours. The surge represented a recovery to levels last achieved before the Terra crash back in May 2022. Bitcoin reached an all-time high price of $67,566.83 in Nov 2021, based on the data of Statista.
According to Blockstream CEO Adam Back, Bitcoin could hit a shocking $700,000 within two years. “Digital gold #bitcoin will surely flip physical gold sooner or later; and probably this halving cycle,” said Back.
#BlackRock #Bitwise #etf #BinanceTournament #CryptoScoop
$BTC $ETH $BNB
BlackRock and Bitwise have recently updated their filings for spot Bitcoin exchange-traded funds (ETFs) with the U.S. Securities and Exchange Commission (SEC). These frequent amendments may signal pivotal progress.
In its most recent updated submission, BlackRock, the asset management giant, filed an amended S-1 filing with the SEC for its proposed spot Bitcoin ETF.
Similarly, Bitwise, another major player in the digital asset management space, has also filed an amended application for its Bitcoin ETF just before BlackRock did. This update aligns with Bitwise’s strategic efforts to introduce a bitcoin ETF to the market, catering to the growing demand among investors for listed crypto investment options.
Leading financial establishments like BlackRock and Grayscale have been meeting with the SEC regarding their Bitcoin ETF filings. On Nov.28, the SEC officials met with BlackRock and the Nasdaq, as indicated by a memorandum. According to the memo’s note, BlackRock revised its In-Kind model design to address to the SEC’s concerns and “unresolved” questions regarding the model.
“Both the SEC and these issuers are working hard to iron things out,” said Seyffart. “These filings are likely the result of many conversations and a lot of man hours on/between both sides.”
Bitcoin is currently trading at around $41,870, marking a 13% up from a week ago, according to CoinMarketCap. Bitcoin price broke the $42,000 benchmark on Dec. 4 and was up 6.6% within 24 hours. The surge represented a recovery to levels last achieved before the Terra crash back in May 2022. Bitcoin reached an all-time high price of $67,566.83 in Nov 2021, based on the data of Statista.
According to Blockstream CEO Adam Back, Bitcoin could hit a shocking $700,000 within two years. “Digital gold #bitcoin will surely flip physical gold sooner or later; and probably this halving cycle,” said Back.
#BlackRock #Bitwise #etf #BinanceTournament #CryptoScoop
$BTC $ETH $BNB
#ETFs Witnesses The Most Boring Trading Session Since Launch
The $BTC ETF saw a positive net flow of $11.5 million yesterday. However, only the #Bitwise fund had any trading activity.
Grayscale (#gbtc ) and 8 other ETF funds continue to remain stagnant, resulting in today's trading session having extremely low volume, with a net flow of 0.
Hong Kong isn't faring any better, with the total trading volume of #BitcoinETFs in Hong Kong only around $6.2 million.
$ETH
The $BTC ETF saw a positive net flow of $11.5 million yesterday. However, only the #Bitwise fund had any trading activity.
Grayscale (#gbtc ) and 8 other ETF funds continue to remain stagnant, resulting in today's trading session having extremely low volume, with a net flow of 0.
Hong Kong isn't faring any better, with the total trading volume of #BitcoinETFs in Hong Kong only around $6.2 million.
$ETH
🇺🇸 SEC approved 19b-4 filing of all 8
ETHEREUM ETF issuers 🔥
Grayscale
Bitwise
iShares(Blackrock)
VanEck
ARK 21Shares
Invesco Galaxy
Fidelity
Franklin #ETHETFsApproved #Grayscale-- #Bitwise #iSharesBitcoinTrust #FidelityShibaInuETF
ETHEREUM ETF issuers 🔥
Grayscale
Bitwise
iShares(Blackrock)
VanEck
ARK 21Shares
Invesco Galaxy
Fidelity
Franklin #ETHETFsApproved #Grayscale-- #Bitwise #iSharesBitcoinTrust #FidelityShibaInuETF
🌟 Institutions that have successfully filed their S-1 spot #EthereumETF application: 🌟
🔹 #Bitwise
🔹 #BlackRock
🔹 #VanEck
🔹 #Franklin
🔹 21Shares
🔹 Fidelity
🔹 Grayscale
📅 The ETF is expected to start trading in the first week of July. 📅
Stay tuned for more updates!
$BTC $ETH $BNB
🔹 #Bitwise
🔹 #BlackRock
🔹 #VanEck
🔹 #Franklin
🔹 21Shares
🔹 Fidelity
🔹 Grayscale
📅 The ETF is expected to start trading in the first week of July. 📅
Stay tuned for more updates!
$BTC $ETH $BNB
🚀 Exciting News! 🌐
Bitwise has unveiled its new Spot Bitcoin ETF commercial, featuring actor Jonathan Goldsmith, "The Most Interesting Man in the World." 🌟
Pending SEC approval, Bitwise is at the forefront of a dozen applications for the first US-approved spot Bitcoin ETF. 🇺🇸
The industry buzzes with anticipation, and discussions between SEC and issuers hint at a potential 2024 approval. 🤞
Stay tuned and "look for Bitwise" on this thrilling journey towards a groundbreaking development!
#BitwiseETF #Bitwise #Bitcoin #SEC #CryptoInnovation
Bitwise has unveiled its new Spot Bitcoin ETF commercial, featuring actor Jonathan Goldsmith, "The Most Interesting Man in the World." 🌟
Pending SEC approval, Bitwise is at the forefront of a dozen applications for the first US-approved spot Bitcoin ETF. 🇺🇸
The industry buzzes with anticipation, and discussions between SEC and issuers hint at a potential 2024 approval. 🤞
Stay tuned and "look for Bitwise" on this thrilling journey towards a groundbreaking development!
#BitwiseETF #Bitwise #Bitcoin #SEC #CryptoInnovation
NEW: 🟠 Bitwise is the first Bitcoin ETF issuer to disclose the specific amount of Bitcoin per share 👀
#BTC #BTCETFS #Bitwise #binancesquare
#BTC #BTCETFS #Bitwise #binancesquare