🚀 **Crypto News Flash: Bitwise's ETF Filing Frenzy!** 🚀
- Bitwise is on a roll with another ETF filing, this time targeting Bitcoin (BTC) and U.S. Treasuries. The new fund, named Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (ticker: BITC), aims to balance investments between BTC and short-term U.S. debt.
- This marks Bitwise's third ETF filing this week, following a bid for an XRP fund. The SEC must approve these filings before they can trade on national exchanges.
- Institutional interest in Bitcoin remains strong, with U.S. spot BTC ETFs holding nearly 5% of Bitcoin’s supply, valued at $58B.
- Spot Ethereum ETFs, however, lag behind with $6.4B in assets. Bitwise CIO Matt Hougan believes ETH ETFs will gain traction over time.
💬 What are your thoughts on Bitwise's ETF spree? Comment below!