The Bitwise Bitcoin ETF is an exchange-traded fund from the digital asset management firm Bitwise Investment Advisors. On Jan. 11, 2024, it joined 10 other exchange-traded products as one of the first spot bitcoin ETFs approved by the U.S. Securities and Exchange Commission. A spot bitcoin ETF allows investors to forgo direct bitcoin ownership but still gain exposure to the cryptocurrency's price movements.
Bitwise was the first firm to disclose the public addresses for its spot bitcoin ETF. It did so in the spirit of on-chain transparency. "Today the Bitwise Bitcoin ETF becomes the first U.S. bitcoin ETF to publish the bitcoin addresses of its holdings," Bitwise said while announcing its bitcoin addresses. "Now anyone can verify BITB's holdings and flows directly on the blockchain."
Bitwise is also one of the few spot bitcoin ETFs listed on NYSE Arca, along with Grayscale Investment's GBTC and Hashdex's DEFI funds. The ETF's digital asset custodian is Coinbase Custody Trust LLC, the most popular custodian for spot bitcoin ETF issuers. The fund's trust custodian is BNY Mellon. Yes, and the firm announced the addresses on Jan. 24, 2024.
Disclaimer: This article was produced with the assistance of OpenAI’s ChatGPT 3.5/4 and reviewed and edited by our editorial team. © 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: TheBlock__ - 🏆 464. / 53 Read more »
Source: TheBlock__ - 🏆 464. / 53 Read more »
Bitwise files with SEC for spot Ether ETF listingAlready listing shares from an approved spot Bitcoin ETF and Ether futures ETF, Bitwise applied with the SEC for a spot Ether ETF on NYSE Arca.
Source: Cointelegraph - 🏆 562. / 51 Read more »
Digital asset inflows recover, but ETF activity is slowing downThe selling pressure from ETFs is visible on the BTC price as the world’s top cryptocurrency dropped by $4,000 over the past 24 hours to trade just above $66,000.
Source: Cointelegraph - 🏆 562. / 51 Read more »
Source: CoinDesk - 🏆 291. / 63 Read more »
Australian Asset Manager Monochrome to Launch Spot Bitcoin ETF on Cboe AustraliaMonochrome, an Australian asset manager, plans to launch its flagship spot Bitcoin exchange-traded fund (ETF) on the global listing exchange Cboe Australia. This will be the first ETF in Australia to hold physical Bitcoin.
Source: Cointelegraph - 🏆 562. / 51 Read more »