#BitwiseBitcoinETF 🪙 #bitcoin 's price has seen some movements, with a recent dip to around $94,327, down by approximately 2%. The trading range has been between $93K and $97K, which suggests a slight bearish correction after a period of bullish sentiment. Despite this dip, the market sentiment remains cautiously optimistic due to ongoing institutional interest and ETF developments. ETF (Exchange-Traded Fund)... you've seen it buzzing on Binance a lot, right? What actually is going on... Bitwise Asset Management has recently filed for the Bitwise Bitcoin Standard ETF with the U.S. Securities and Exchange Commission (SEC) This ETF aims to invest in publicly traded companies that have significant $BTC reserves on their balance sheets or generate a substantial portion of their revenue from Bitcoin-related activities. Essentially, it focuses on companies adopting what's referred to as a "Bitcoin standard."
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