Bitcoin ETF

Spot

Billion

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitwise-bitb-spot-bitcoin-etf-hits-impressive-100-billion-asset-milestone">Bitwise BITB Spot Bitcoin ETF Hits Impressive $100 Billion Asset Milestone</a><br></p>
<p style="text-align: justify"> Bitwise, a prominent asset management firm, has recently announced a remarkable achievement for its BITB Spot <a href="https://en.bitcoinhaber.net/bitcoin-price-expected-to-reach-all-time-highs-faster-this-cycle-according-to-k33-research">Bitcoin</a> ETF, which has crossed the $100 billion asset mark. This milestone underscores the growing institutional interest in cryptocurrency investment vehicles and marks a competitive stance against industry giants such as Grayscale and BlackRock. </p> 
<h2 id="soaring-assets-under-management">Soaring Assets Under Management</h2> 
<p style="text-align: justify"> Hunter Horsley, CEO of Bitwise, proudly shared the news of BITB’s assets under management (AUM) exceeding the $100 billion benchmark. He underscored the significance of this accomplishment for the firm and the broader investment community, highlighting their commitment to providing clients with an efficient gateway to Bitcoin exposure through BITB. </p> 
<p style="text-align: justify"> Bitwise’s BITB has garnered considerable attention for its competitive fee structure and its positioning as the spot Bitcoin ETF with the lowest management fee for portfolios above $1 billion. Investors are drawn to its low trading costs and smooth execution, reflecting a strong preference for Bitwise’s product. </p> 
<p style="text-align: justify"> BITB sets itself apart with its commitment to transparency. Bitwise is distinguished as the sole provider of a spot Bitcoin ETF offering a public wallet address, enhancing investor trust through visible asset tracking without additional costs. </p> 
<h2 id="advancing-spot-bitcoin-etf-options">Advancing Spot Bitcoin ETF Options</h2> 
<p style="text-align: justify"> In pursuit of broadening their products, Bitwise and Grayscale are advocating for the U.S. Securities and Exchange Commission’s (SEC) nod to allow options trading on their spot Bitcoin ETFs. They propose that such options would function in a manner akin to those on other ETFs, emphasizing the need for appropriate regulatory oversight to safeguard the market and its participants. The approval of this move would cater to the surging interest in options trading for trusts that hold Bitcoin directly. </p> 
<p style="text-align: justify"> The potential SEC endorsement of spot Bitcoin ETF options could herald a transformative moment for financial markets, equipping exchange players with innovative tools for hedging, income generation, and speculation on the future price trajectories of Bitcoin.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/bitwise-bitb-spot-bitcoin-etf-hits-impressive-100-billion-asset-milestone">Bitwise BITB Spot Bitcoin ETF Hits Impressive $100 Billion Asset Milestone</a></h5>

Bitwise BITB Spot Bitcoin ETF Hits Impressive $100 Billion Asset Milestone

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