Bitwise Asset Management, the global crypto asset manager with over $10 billion in client assets, today announced that the Bitwise Bitcoin ETF (NYSE: BITB) and the Bitwise Ethereum ETF (NYSE: ETHW) will now offer in-kind creation and redemption of shares by the funds’ authorized participants. The SEC’s recent approval paves the way for greater trading efficiencies that could ultimately lower trading costs for investors in Bitwise’s spot crypto ETPs.
Bitcoin (CRYPTo: BTC) has reached a new milestone, soaring past $82,000, fueled by optimism over a potentially favorable regulatory environment following Donald Trump’s election as U.S. president.
Bitcoin (CRYPTO: BTC) spot ETFs experienced a significant daily outflow of $127.05 million on Aug. 27 while Ethereum spot ETFs saw a more modest outflow of $3.4452 million, continuing a nine-day streak of withdrawals.
Spot Bitcoin ETFs saw significant inflows while Ethereum ETFs experienced net outflows on Tuesday, as the broader crypto market faces downward pressure, with Bitcoin (CRYPTO:
Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) linked exchange-traded funds (ETFs) are demonstrating signs of recovery in the wake of Monday’s market meltdown, as the leading cryptocurrencies begin to stabilize.
In the early hours of Monday, Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) -linked ETFs witnessed a significant drop, mirroring global market downtrends.
At this point, the launch of Ethereum ETFs signifies an important step forward. However, the path to widespread integration is still very far from over.
For the first time, an Ethereum (CRYPTO: ETH) banner was flown outside the New York Stock Exchange building, symbolizing the world’s second-largest cryptocurrency’s
The much-anticipated launch of Ethereum ETFs in the U.S. saw a promising start, attracting a combined net inflow of nearly $107 million on their first day.
