1 hour ago
121
ARTICLE AD BOX
American stock exchange outfit NYSE Arca has submitted a 19b-4 filing on behalf of Bitwise Asset Management to list combined Bitcoin and Ethereum ETP products. As an asset manager with $11 billion in managed funds, this filing will deepen the exchange’s foothold in the crypto market.
The Bitwise Bitcoin and Ethereum ETP
According to the official announcement, the ETP will contain both Bitcoin and Ethereum on a market capitalization-weighted basis. Drawing on the context of the filing, the fund will hold both BTC and ETH, giving investors a balanced exposure to both assets.
As the filing noted, the Form 19b-4 and S-1 registration statements officially places ETP request from Bitwise under consideration for approval from the US SEC. Bitwise is one of the fastest growing Crypto ETF issuers in the market. The firm crossed the $10 billion AUM – Assets Under Management earlier this month, adding another $1 billion in 10 days.
This is a breaking story, please check back for updates!!!
Godfrey Benjamin
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on X, Linkedin
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
English (US) ·