[Crypto Story] Bitwise files updated prospectus for equal-weighted Bitcoin and Ethereum futures ETF with expense ratio of 0.85%😮

Hello everyone! Today I bring you a piece of news about Bitwise. According to BlockBeats, Bloomberg ETF analyst James Seyffart revealed on social media that Bitwise has just submitted an updated prospectus for its equal-weighted Bitcoin and Ethereum futures ETFs. This means that the ETF will likely launch next week alongside VanEck's ETF, with an expense ratio of 0.85% and the trading symbol BTOP.

This news is undoubtedly good news for the crypto market because it means that the market will welcome more investors. Moreover, the expense ratio of this ETF is relatively low, which will also attract more investors to participate.

So, what exactly is this equal-weighted Bitcoin and Ethereum futures ETF? Simply put, it is an investment tool that allows investors to invest indirectly in Bitcoin and Ethereum by purchasing ETF shares. This way, investors do not need to buy and hold the two cryptocurrencies directly, but can instead invest by purchasing ETF shares. This undoubtedly lowers the investment threshold for investors and brings more vitality to the market.

However, although the launch of this ETF is good news for the market, we must also maintain a neutral attitude. After all, the crypto market is highly volatile, and investors need to be cautious when investing. At the same time, we also hope that this ETF can bring more positive energy to the market and promote the development of the crypto market.

Finally, what do you think of this equally weighted Bitcoin and Ethereum futures ETF? Welcome to express your opinions in the comment area, let us communicate and learn together and make progress together!