Bitwise operation

Bitwise Bitcoin ETF (BITB) Among Top 25 Fastest ETFs in History To Reach $1 Billion in Assets

Retrieved on: 
Thursday, February 15, 2024

Spreads are a key factor in determining the total cost of buying and selling shares of an ETF.

Key Points: 
  • Spreads are a key factor in determining the total cost of buying and selling shares of an ETF.
  • To foster transparency, BITB was the first bitcoin ETF in the U.S. to publish the bitcoin addresses of its holdings.
  • BITB supports the future health of the bitcoin blockchain by donating 10% of its profits to organizations that fund bitcoin open-source development.
  • In just the first few weeks, we’ve seen substantial demand for the Bitwise Bitcoin ETF (BITB) from financial advisors.

DeFi Technologies Inc. Completes Strategic Acquisition of Private Research Firm, Reflexivity Research LLC, Co-Founded by Anthony Pompliano and Will Clemente

Retrieved on: 
Wednesday, February 7, 2024

Acquisition Completed: DeFi Technologies Inc. has successfully acquired Reflexivity Research LLC, a private research firm known for its high-quality, crypto-native research and significant client base including major cryptocurrency organizations.

Key Points: 
  • Acquisition Completed: DeFi Technologies Inc. has successfully acquired Reflexivity Research LLC, a private research firm known for its high-quality, crypto-native research and significant client base including major cryptocurrency organizations.
  • Transaction Details: The acquisition involved DeFi Technologies acquiring all issued and outstanding securities of Reflexivity Research for 5 million common shares, subject to a 12-month lock-up schedule.
  • Reflexivity , co-founded by Anthony Pompliano and Will Clemente, offers high-quality crypto-native research designed for traditional finance investors.
  • In connection with the Acquisition, DeFi Technologies acquired all issued and outstanding securities of Reflexivity Research for 5 million common shares of DeFi Technologies (the "Payment Shares").

Secure Digital Markets Publishes Institutional Research Focusing on Investor Education Amidst Rise in Interest

Retrieved on: 
Tuesday, January 30, 2024

As the digital assets landscape continues to evolve, Secure Digital Markets (SDM) emerges as a key player in fostering education and awareness for digital assets.

Key Points: 
  • As the digital assets landscape continues to evolve, Secure Digital Markets (SDM) emerges as a key player in fostering education and awareness for digital assets.
  • This report provides cutting-edge research, education and analysis to help the next wave of market participants understand the complexities and nuances of the digital assets industry.
  • "In the rapidly evolving world of digital assets, education is the cornerstone of building trust and confidence for our clients.
  • Secure Digital Markets wants to empower market participants with insights that will help them understand the dynamic nature of the crypto market,” said Mostafa Al-Mashita, Co-Founder of Secure Digital Markets.

Bitwise To Launch Lowest-Cost Spot Bitcoin ETF (BITB) on January 11 With 0.20% Management Fee; Fee Set to 0% for First Six Months

Retrieved on: 
Wednesday, January 10, 2024

Bitwise Asset Management , the largest crypto index fund manager in America, announced today that the Bitwise Bitcoin ETF (BITB), the firm’s first spot bitcoin ETF, intends to begin trading on January 11.

Key Points: 
  • Bitwise Asset Management , the largest crypto index fund manager in America, announced today that the Bitwise Bitcoin ETF (BITB), the firm’s first spot bitcoin ETF, intends to begin trading on January 11.
  • The Bitwise Bitcoin ETF will trade on NYSE Arca under the ticker BITB.
  • The management fee will be the lowest among approved spot bitcoin ETFs at 0.20%,1 with the fee set to 0% for the first six months on the first $1 billion in assets.
  • Now, at long last, a spot bitcoin ETF is arriving.”
    The fund’s launch marks a critical turning point for the industry, said Bitwise CIO Matt Hougan.

Ric Edelman, DACFP Launch "Meet the New Spot Bitcoin ETFs" Podcast - Delivering Exclusive Access to the Industry Titans Who Won SEC Approval

Retrieved on: 
Thursday, January 11, 2024

GREAT FALLS, Va., Jan. 11, 2024 /PRNewswire/ -- The Digital Assets Council of Financial Professionals, the leading provider of crypto education, has launched a new podcast series, "Meet the New Spot Bitcoin ETFs," which features exclusive interviews with several of the asset management firms that have received SEC approval to launch spot Bitcoin ETFs.

Key Points: 
  • The podcast series is hosted by DACFP founder Ric Edelman, CBDA, author of the #1 Amazon best-seller, The Truth About Crypto , and the highly regarded whitepaper, What You Need To Know About Spot Bitcoin ETFs .
  • The Meet the New Spot Bitcoin ETFs podcast series will feature interviews with industry pioneers: BlackRock, Bitwise, Invesco, Franklin Templeton and Hashdex.
  • "DACFP is the only place to access this exclusive collection of interviews, and our flagship CBDA designation is the industry's gold standard."
  • To learn more about the CBDA and how to watch and listen to Meet the New Spot Bitcoin ETFs podcast, visit dacfp.com .

SEC Charges Former Co-CEOs of Tech Start-Up Bitwise Industries for Falsifying Documents While Raising $70 Million From Investors

Retrieved on: 
Thursday, November 9, 2023

The SEC’s complaint alleges that Soberal and Olguin made material misrepresentations and falsified documents concerning Bitwise’s cash position and historical financial performance while raising approximately $70 million from investors in 2022.

Key Points: 
  • The SEC’s complaint alleges that Soberal and Olguin made material misrepresentations and falsified documents concerning Bitwise’s cash position and historical financial performance while raising approximately $70 million from investors in 2022.
  • According to the complaint, Soberal and Olguin created and provided investors with falsified bank records and a fake audit report that showed, respectively, inflated cash balances and higher revenues than Bitwise actually generated.
  • Soberal and Olguin’s alleged misrepresentations and falsified materials painted Bitwise as a healthy, growing business with favorable financial performance.
  • The SEC appreciates the assistance of the U.S. Attorney’s Office, the Federal Bureau of Investigation, and the Internal Revenue Service Criminal Investigation.

Former SEC Chair Is Confident That a BTC ETF Will Get Approved Soon

Retrieved on: 
Sunday, October 29, 2023

Clayton attributed this optimism to the resolution of key regulatory concerns that had previously hindered the introduction of a Bitcoin ETF.

Key Points: 
  • Clayton attributed this optimism to the resolution of key regulatory concerns that had previously hindered the introduction of a Bitcoin ETF.
  • The cryptocurrency market's growth and maturation, coupled with a focus on regulation, signal a promising future for a Bitcoin ETF.
  • Meanwhile, Bitwise, a prominent player in the cryptocurrency industry, has resubmitted its revised proposal for a BTC ETF to the U.S. Securities and Exchange Commission (SEC).

Former SEC Chair Jay Clayton Expresses Confidence in Impending Bitcoin ETF Approval

  • In a recent interview with CNBC's "Last Call," former SEC Chair Jay Clayton expressed unwavering confidence in the forthcoming approval of a Bitcoin ETF.
  • One of the primary issues that Clayton addressed in the interview was the prevalence of questionable trading practices in the Bitcoin market.
  • Clayton's comments echo the sentiment that a mature, well-regulated market is essential for the successful introduction of a Bitcoin ETF.
  • High-quality and reliable market data had also been a substantial obstacle to the approval of a Bitcoin ETF.
  • However, in recent times, Jay Clayton believes that the landscape of the Bitcoin market has undergone significant transformation.

Bitwise Resubmits Bitcoin ETF Proposal to SEC Following Regulatory Feedback

  • ETF industry analyst James Seyffart has recently shared insights into Bitwise's amended proposal, indicating that it largely aligns with expectations.
  • One notable detail revealed in this resubmitted proposal is the ticker symbol that the Bitwise product would use if approved by the SEC.
  • The journey toward a Bitcoin ETF has been a long and complex one, marked by regulatory hurdles and evolving market dynamics.
  • Nevertheless, as Bitwise resubmits its proposal with amendments aimed at addressing regulatory concerns, the cryptocurrency community eagerly awaits the SEC's decision.

Price Overview

  • According to data from CoinStats, BTC was down 1.83% and was changing hands at $34,048.14 at press time.
  • Notably, this was a minor correction compared to its weekly performance, which stood at more than 16%.
  • Price chart for BTC (Source: CoinStats)
    BTC was able to establish a peak at $34,766.63 over the past 24 hours, but had since retraced to trade at its current level.

BitGo Acquires HeightZero to Bring the Preeminent Global Wealth Management Platform to RIAs

Retrieved on: 
Tuesday, October 17, 2023

PALO ALTO, Calif., Oct. 17, 2023 /PRNewswire-PRWeb/ -- BitGo Holdings, Inc. announced today the acquisition of HeightZero, a best-in-class digital asset management platform (TDAMP) focused on providing wealth managers the tools for digital asset exposure on behalf of their clients. The acquisition of HeightZero establishes BitGo as one of the first digital asset companies to provide a comprehensive solution for wealth managers.

Key Points: 
  • PALO ALTO, Calif., Oct. 17, 2023 /PRNewswire-PRWeb/ -- BitGo Holdings, Inc. announced today the acquisition of HeightZero, a best-in-class digital asset management platform (TDAMP) focused on providing wealth managers the tools for digital asset exposure on behalf of their clients.
  • The acquisition of HeightZero establishes BitGo as one of the first digital asset companies to provide a comprehensive solution for wealth managers.
  • "Today the HeightZero platform is universally rated as the best solution for wealth managers and SLAs working in the digital asset market.
  • In response, HeightZero has developed a scalable all-in-one solution designed to streamline digital asset management, offering familiar capabilities and experiences for advisors.

AETH and BTOP, Two First-of-Their-Kind Ethereum Futures ETFs From Bitwise, Launch Today

Retrieved on: 
Monday, October 2, 2023

Bitwise Asset Management , the largest crypto index fund manager in America, announced today the launch of two groundbreaking Ethereum-themed ETFs: the Bitwise Ethereum Strategy ETF (ticker: AETH) and the Bitwise Bitcoin and Ether Equal Weight Strategy ETF (ticker: BTOP).

Key Points: 
  • Bitwise Asset Management , the largest crypto index fund manager in America, announced today the launch of two groundbreaking Ethereum-themed ETFs: the Bitwise Ethereum Strategy ETF (ticker: AETH) and the Bitwise Bitcoin and Ether Equal Weight Strategy ETF (ticker: BTOP).
  • With the launch, investors can for the first time gain exposure to Ethereum futures through the widely popular and regulated ETF format.
  • “Ethereum now has billions in revenue, millions of users, and thousands of distinct apps and developers,” said Bitwise CEO Hunter Horsley.
  • The Bitwise Ethereum Strategy ETF (ticker: AETH)
    The Bitwise Ethereum Strategy ETF (ticker: AETH) invests in regulated CME Ether futures focused on front-month contracts.

AETH and BTOP, Two First-of-their-Kind Ethereum Futures ETFs From Bitwise, Intend to Launch October 2

Retrieved on: 
Friday, September 29, 2023

With the launch, investors will for the first time gain exposure to CME Ether futures through the widely popular and regulated ETF format.

Key Points: 
  • With the launch, investors will for the first time gain exposure to CME Ether futures through the widely popular and regulated ETF format.
  • “Ethereum now has billions in revenue, millions of users, and thousands of distinct apps and developers,” said Bitwise CEO Hunter Horsley.
  • “As the leading operating system for crypto, Ethereum has spread like wildfire.
  • The Bitwise Ethereum Strategy ETF (ticker: AETH)
    The Bitwise Ethereum Strategy ETF (ticker: AETH) invests in regulated CME Ether futures focused on front-month contracts.