The price of XRP has slipped over 4% in the last 24 hours, despite a positive announcement regarding Bitwise Invest’s filing for an XRP exchange-traded fund (ETF) in Delaware. On Wednesday, October 2, the altcoin saw its value dip to $0.5843, following a Monday jump that closed at $0.6336. Compared
Bitwise Asset Management has announced its intention to acquire the Osprey Bitcoin Trust (OBTC) within the Bitcoin exchange-traded fund (ETF) market. This acquisition, revealed in a press release on Tuesday, will see Bitwise integrate Osprey’s $120 million in assets into its own Bitwise BTC ETF (BITB). As part of the
Bitwise, an investment asset manager, has made a significant purchase that would elevate its exchange-traded fund (ETF) operations. This week began with the announcement that the company will be acquiring ETC Group, a London-based digital-assets issuer. Meanwhile, the details of the purchase agreement are still unknown. According to Bloomberg, Bitwise
In the realm of cryptocurrency investments, developments are unfolding amidst regulatory uncertainty and market fluctuations. Bitwise, an asset management firm, has advanced its plans with the United States Securities and Exchange Commission (SEC) to launch a spot Ethereum exchange-traded fund (ETF). According to a filing on July 3, the firm
Bitwise has resubmitted its Spot Bitcoin ETF proposal after making certain changes to it. The United States SEC provided input and asked questions that led to this determination. The new plan is consistent with expectations, according to social media postings by ETF industry expert James Seyffart. UPDATE: @BitwiseInvest has submitted
Bitwise, a prominent provider of cryptocurrency investment solutions, has officially withdrawn its application for the Bitcoin and Ethereum Market Cap Strategy and Exchange-Traded Fund (ETF). The decision has left investors and industry observers puzzled, as it comes one day after Bitwise’s Chief Investment Officer, Matt Hougan, publicly vouched for the
The U.S SEC maintains the same strong opposition for BTC ETF . Unofficially it seems the BTC ETF for Grayscale and Bitwise will get rejected. The official approval or disapproval will be out in February, 2022. It seems the United States Securities and Exchange Commission (SEC) will always be in
