The move comes despite a series of recent pullbacks in the crypto market that saw bitcoin trade at around $85,000 earlier this month.
A new exchange-traded fund from Bitwise that began trading Tuesday will give retail investors and financial advisors access to a broad range of cryptocurrencies in one shot, as opposed to the ETFs so far that have mostly just tracked just one or two cryptocurrencies.
The Bitwise 10 Crypto Index ETF (BITW) holds the following 10 digital assets: Bitcoin
, ether
, XRP
, Solana
The basis trade comes for crypto and public markets.
The ETFs, launched by MicroBit Capital Management, track the US dollar prices of their underlying cryptocurrencies – bitcoin and…
BlackRock’s IBIT reached the mark five times faster than State Street’s gold fund.
The U.S. regulator voted on Wednesday to establish generic listing criteria for crypto ETFs to speed up the launch process.
Bitcoin has been trading sideways in recent weeks as other crypto ecosystems like Ethereum and Solana take their turns in the…
A former hedge fund manager, Morehead started Pantera, one of the first crypto investment firms.
