In a lighthearted twist, the Bitwise Bitcoin ETF (BITB) received a unique contribution of 6969 satoshis (sats), the smallest unit of Bitcoin, propelling it to become the first and currently only over-collateralized Bitcoin ETF in the market. This unexpected event garnered attention within the cryptocurrency community, highlighting transparency and a playful spirit.
Excerpt: Blockchain analytics firm Arkham Intelligence has identified the on-chain addresses associated with Bitcoin exchange-traded funds (ETFs) managed by financial giants BlackRock, Fidelity, Bitwise, and Franklin Templeton. This groundbreaking discovery offers unprecedented transparency into the institutional adoption of Bitcoin and sheds light on the specific holdings of these major players.
In a groundbreaking move that amplifies its commitment to the core ethos of Bitcoin, Bitwise Asset Management has declared an unprecedented pledge: dedicating a remarkable 20% of profits generated by its flagship Bitwise Bitcoin ETF (BITB) to support open-source development. This bold initiative marks a significant departure from the norm in the realm of cryptocurrency ETFs, signaling Bitwise’s renewed focus on fostering innovation and collaboration within the blockchain community.
BlackRock and Bitwise Asset Management have filed amended applications for spot Bitcoin exchange-traded funds (ETFs) with the U.S. Securities and Exchange Commission (SEC), signaling their confidence and readiness for launching the products.