Bitwise has filed an application with the SEC to launch the "Bitwise Bitcoin Standard ETF," which will invest in companies that hold significant BTC reserves or generate income from Bitcoin-related activities. To participate in the fund, companies must have a minimum of 1,000 BTC, a market capitalization of at least $100 million, and liquidity of over $1 million per day. The fund will focus on the size of the companies' BTC reserves, with a 25 percent cap on the share of each participant. In total, 80 percent of the fund's assets will be invested in the stocks of such companies.
12/27/2024 1:34:39 PM (GMT+1)
Bitwise has filed an application with the SEC to create the Bitwise Bitcoin Standard ETF, which will invest in companies with BTC reserves of at least 1,000 coins and significant income from Bitcoin-related activities 💼
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This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
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