Bitwise Bitcoin ETF Common Shares of Beneficial Interest (BITB)

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.

Despite redemptions as Bitcoin sells off, spot Bitcoin ETFs remain popular among investors seeking cryptocurrency exposure, and analysts forecast fast growth.

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