🚀 Bitwise Asset Management is joining the race for Bitcoin (BTC) ETF approval in the US! The firm's ETF is now listed on the Depository Trust and Clearing Corporation (DTCC) under the ticker BITB, following Fidelity's recent listing. Bitwise's CIO, Matt Hougan, reveals they're preparing for a potential launch, developing marketing and sales strategies, and engaging with regulators. 🌟

Bloomberg analysts predict a 90% chance of the SEC approving a spot BTC ETF by January 10. Bitwise's senior crypto research analyst, Ryan Rasmussen, is optimistic about Bitcoin's future, expecting new all-time highs in 2024 and a spot Bitcoin ETF becoming "the most successful ETF launch of all time." 📈

Meanwhile, Invesco is adapting to the SEC's guidelines for ETF structures, aligning with the regulator's preference for in-kind creations. Other financial giants like BlackRock, Fidelity Investments, and Ark Invest initially resisted this approach but are now revising their ETF structures to increase investor protection and reduce transaction costs. 💼