NYSE Arca The following is a list of the most recent and relevant articles. A 19b-4 form to list a Bitcoin exchange traded product (ETP), which offers direct exposure spot to Bitcoin (BTC), and Ethereum (ETH), based on their respective market capitalization.
Bitwise StatementThe proposed Bitcoin-Ether ETP is designed to simplify portfolio allocations for investors who want exposure to crypto’s established assets. Its market-cap weighting ensures that the fund dynamically adjusts to reflect these assets’ evolving dominance.
Matt Hougan is the Bitwise CIO.
“Bitcoin and ether aren’t competitors any more than gold and tech stocks are competitors. So when investors ask us which is better to add to their portfolio, often our answer is ‘both.’ This fund aims to make that recommendation easy and actionable, providing balanced exposure to the world’s two largest crypto assets. I think it’s going to be a huge hit with investors.”
Bitwise’s spot Bitcoin and Ethereum ETPs have collectively amassed $4.2 billion in assets under management.
The dual-asset ETP is a unique product on the US Market, as it allows for simultaneous exposure of investors to two major cryptocurrencies.
Other similar products also await approval. US Securities and Exchange Commission Recently delayed the approval of Franklin Templeton’s Crypto Index ETF, which tracks BTC and ETH, although it is not market cap-weighted.
To add to this, Brazilian asset management company Hashdex has filed to launch a comparable product in June. Its Hashdex-Nasdaq US Crypto Index ETF will track BTC as well as ETH.
Different use cases
The following is a list of CryptoSlate Data shows that as of the 26th of November, BTC and ETH had a combined market cap exceeding $2.1 trillion. Investors tend to perceive both crypto-use cases differently, despite their dominant position.
Investors view Bitcoin primarily as a digital storage of value that is optimized for monetary and security use cases.
According to DefiLlama, ETH is the power behind the Ethereum Blockchain, which powers the world’s largest decentralized application ecosystem, with a total value locked of nearly $110 billion, according to DefiLlama. The following are some of the most effective ways to increase your ROI:. Traditionally, financial giants such as BlackRock, Visa and Franklin Templeton have chosen the infrastructure for their product launches.
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