Bitwise's spot Bitcoin ETF sets a precedent with transparent holdings' addresses. Will other ETFs, like BlackRock, follow suit? Positive community response and philanthropy amplify Bitwise's impact in the crypto space.
EdmundEven as it retraces that value, it could be likely that increased trading activity on ETFs may not necessarily translate to increased demand for spot products.
AlexThis move follows a similar announcement made on January 6 by VanEck, stating its intention to donate 5% of the profits from the Bitcoin Spot ETF to Bitcoin developers.
AlexBitwise Asset Management plans to allocate 10% of profits from its Bitwise Bitcoin ETF (BITB) to non-profit organizations supporting open-source development within the Bitcoin community. This move aims to give back to Bitcoin's original developers and contribute to the growth of the industry. Following the recent SEC approval of spot Bitcoin ETFs, traditional asset managers can now offer clients exposure to Bitcoin, potentially attracting new investors to the cryptocurrency space. Bitwise commits to making annual contributions for at least the next decade to sustain long-term support for Bitcoin open-source development.
Xu LinIn the intensifying spot bitcoin ETF race, Bitwise leads with a groundbreaking 0.20% fee. Competitors follow suit with fee reductions. Market players anticipate billions flowing in, with Bitwise projecting a $72 billion market in five years.
SanyaAs major players like VanEck, Bitwise, and BlackRock make strategic moves, the Bitcoin ETF landscape is witnessing significant developments. While fee structures are becoming competitive, the commitment to supporting core developers adds an interesting layer to these financial maneuvers.
Bernice88% of investment professionals surveyed are interested in buying BTC and are awaiting the launch of a U.S. spot Bitcoin ETF.
JinseFinanceBlackRock and Bitwise revise Bitcoin ETF applications, signaling a proactive stance in aligning with SEC regulations.
Xu LinMatt Hougan, Bitwise Asset Management's Chief Investment Officer, reveals the company's proactive stance in the race for the first spot Bitcoin ETF. Despite regulatory uncertainties, Hougan asserts, "We're preparing as though there’s going to be a launch."
JoyBlackRock and Bitwise have submitted revised spot Bitcoin ETF applications to the SEC, signaling ongoing discussions. BlackRock's updated filing includes language on monitoring price movements and anti-money laundering compliance. Bitcoin's recent surge adds to speculation about potential SEC approval, with the cryptocurrency currently trading near $42,000.
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