Key Points:
Read more: Bitwise Spot Ethereum ETF Joins Line Waiting For SEC Approval
The surge has propelled BITB’s total assets under management beyond $2.5 billion. Currently, Bitwise Bitcoin ETF holds approximately 40,500 BTC, valued at around $2.71 billion.
Bitwise Investments CEO Hunter Horsley highlights the growing mainstream acceptance of Bitcoin and cryptocurrencies. According to recent reports, a major U.S. bank has integrated BITB into 20% of its wealth management branches, reflecting increased institutional interest.
Bitwise Bitcoin ETF is also notable for its commitment to supporting the Bitcoin development community, with 10% of its gross resources donated to open-source developers. Horsley expressed gratitude to investors and encouraged encouragement of the Bitcoin Conference to connect with team members Matt Hougan and Hong Kim.
The ETF’s impressive performance has helped it secure the fourth spot among recent Bitcoin ETF launches, behind BlackRock’s iShares Bitcoin Trust (IBIT), Fidelity’s Wise Origin Bitcoin Trust (FBTC), and Ark and 21 Shares ETFs. The Bitcoin price has also risen by 4.2%, surpassing $67,000, after a week of positive signs.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
The Gemini settlement with IRA, dismissed on July 18 by Judge Analisa Torres, was centered…
The surge of Bitcoin ETF inflow marked a notable rebound, approaching $400 million for the…
Spot Ethereum ETFs from Fidelity, Franklin, Invesco, VanEck, and 21Shares will begin trading on Cboe’s…
Cathie Wood's Ark Invest sold 16,758 Coinbase shares worth $4.32 million amid market volatility.
The approval, outlined in a recent court filing, allows Binance customer funds allocated into US…
In the rapidly evolving landscape of digital gaming, Devilfish NFT is making waves by introducing…
This website uses cookies.