BITB

Hoseki Introduces Hoseki Verified: Elevating Attestation Standards for Spot Bitcoin ETFs

Retrieved on: 
Wednesday, May 1, 2024
BitGo, Spot, Issuer, Environment, Trust, BITB, Cryptocurrency

MIAMI, May 1, 2024 /PRNewswire/ -- Hoseki, a leader in Bitcoin and blockchain verification technology, is excited to announce the launch of Hoseki Verified, a first of its kind Spot Bitcoin ETF verification product designed to ensure transparency and integrity in the cryptocurrency investment space. Bitwise (BITB), a premier asset management firm, has joined as the first participant in this innovative initiative to demonstrate their commitment to transparency and investor protection.

Key Points: 
  • Hoseki Verified aims to set new standards in the verification processes for Spot Bitcoin ETFs, providing a robust framework that enhances trust and transparency for institutional and retail investors.
  • Additionally, Hoseki has released a publicly accessible dashboard that provides real-time representation of the spot Bitcoin held in custody, with custodians such as Coinbase, BitGo, and Gemini, for all participating Bitcoin ETF issuers.
  • In January, Bitwise published the bitcoin addresses of its Bitcoin ETF holdings, becoming the first Bitcoin ETF Issuer to do so.
  • Hoseki Verified meets this need by providing an unwavering level of digital asset verification, ensuring that every Spot Bitcoin ETF adheres to the highest standards of transparency and integrity."

BITB Crosses $2 Billion in Assets, Generates Largest Inflows of Any Crypto Specialist1

Retrieved on: 
Monday, March 11, 2024
Professional Services, Technology, Blockchain, Cryptocurrency, Fintech, Digital Cash Management, Digital Assets, Bitcoin, Russian National Wealth Fund, Theft, Health, Organization, Valkyrie, ETF, Risk, BITB, Share, History, NAV, SMA, Rest, IPO, Life, Lovell Minnick Partners, Loss, Marketing, Prospectus, RIAS, Investment, Fraud, Ecosystem, Commodity Exchange Act, Fund, CEA

Today, over 3,000 wealth teams, RIAs, family offices, and institutional clients trust Bitwise as their specialist partner in the crypto space.

Key Points: 
  • Today, over 3,000 wealth teams, RIAs, family offices, and institutional clients trust Bitwise as their specialist partner in the crypto space.
  • Bitwise’s national team of crypto experts is available to meet with investment professionals any time and in person.
  • Bitwise’s product offerings include five other crypto-themed ETFs, the world’s largest crypto index fund, private placement funds, alpha solutions, and separately managed account (SMA) solutions.
  • As of March 8, 2024, Bitwise has experienced net inflows of $1.35 billion, Valkyrie has experienced net inflows of $264 million, and Grayscale has experienced net outflows of more than $10 billion.

Bitwise Bitcoin ETF (BITB) Among Top 25 Fastest ETFs in History To Reach $1 Billion in Assets

Retrieved on: 
Thursday, February 15, 2024
Professional Services, Technology, Cryptocurrency, Fintech, Asset Management, Digital Cash Management, Digital Assets, Bitcoin, SMA, Health, Bitwise operation, RIAS, ETF, History, Organization, BITB, Workflow

Spreads are a key factor in determining the total cost of buying and selling shares of an ETF.

Key Points: 
  • Spreads are a key factor in determining the total cost of buying and selling shares of an ETF.
  • To foster transparency, BITB was the first bitcoin ETF in the U.S. to publish the bitcoin addresses of its holdings.
  • BITB supports the future health of the bitcoin blockchain by donating 10% of its profits to organizations that fund bitcoin open-source development.
  • In just the first few weeks, we’ve seen substantial demand for the Bitwise Bitcoin ETF (BITB) from financial advisors.

The Bitwise Bitcoin ETF (BITB) Begins Trading With 0.20% Management Fee; Fee Set to 0% for First Sixth Months

Retrieved on: 
Thursday, January 11, 2024
Other Professional Services, Internet, Cryptocurrency, Finance, Professional Services, Technology, Fintech, Other Technology, Crypto, Ethereum, ETF, KPMG, Human rights, BNY Mellon, Health, Bank, RIAS, BITB, Organization, SMA, Education, BITW

Bitwise Asset Management , the largest crypto index fund manager in America, announced today the landmark launch of the Bitwise Bitcoin ETF (BITB), the firm’s first spot bitcoin ETF.

Key Points: 
  • Bitwise Asset Management , the largest crypto index fund manager in America, announced today the landmark launch of the Bitwise Bitcoin ETF (BITB), the firm’s first spot bitcoin ETF.
  • BITB’s management fee is the lowest among current spot bitcoin ETFs at 0.20%,1 with the fee set to 0% for the first six months on the first $1 billion in assets.
  • “With the long-awaited launch of regulated bitcoin ETFs like BITB, the gates are finally open for many mainstream investors,” said Bitwise CEO Hunter Horsley.
  • The launch of the Bitwise Bitcoin ETF adds to Bitwise’s broad suite of professionally managed vehicles.

Bitwise To Launch Lowest-Cost Spot Bitcoin ETF (BITB) on January 11 With 0.20% Management Fee; Fee Set to 0% for First Six Months

Retrieved on: 
Wednesday, January 10, 2024
Other Professional Services, Internet, Cryptocurrency, Finance, Asset Management, Web3, Professional Services, Technology, Crypto, Ethereum, ETF, KPMG, Human rights, BNY Mellon, Research, Health, Bank, RIAS, BITB, Bitwise operation, BITW, Organization, SMA

Bitwise Asset Management , the largest crypto index fund manager in America, announced today that the Bitwise Bitcoin ETF (BITB), the firm’s first spot bitcoin ETF, intends to begin trading on January 11.

Key Points: 
  • Bitwise Asset Management , the largest crypto index fund manager in America, announced today that the Bitwise Bitcoin ETF (BITB), the firm’s first spot bitcoin ETF, intends to begin trading on January 11.
  • The Bitwise Bitcoin ETF will trade on NYSE Arca under the ticker BITB.
  • The management fee will be the lowest among approved spot bitcoin ETFs at 0.20%,1 with the fee set to 0% for the first six months on the first $1 billion in assets.
  • Now, at long last, a spot bitcoin ETF is arriving.”
    The fund’s launch marks a critical turning point for the industry, said Bitwise CIO Matt Hougan.

Former SEC Chair Is Confident That a BTC ETF Will Get Approved Soon

Retrieved on: 
Sunday, October 29, 2023
Ethereum, Attention, Feedback, Optimism, Time, CNBC, BlackRock, U.S. Securities and Exchange Commission, ETF, Prevalence, News, Clayton, Interview, BITB, CIO, NYSE Arca, Fidelity, KYC, Adoption, SEC, Last Call, BTC, Bitwise operations in C, AML, Industry, Cryptocurrency, Bitcoin, Bitwise operation

Clayton attributed this optimism to the resolution of key regulatory concerns that had previously hindered the introduction of a Bitcoin ETF.

Key Points: 
  • Clayton attributed this optimism to the resolution of key regulatory concerns that had previously hindered the introduction of a Bitcoin ETF.
  • The cryptocurrency market's growth and maturation, coupled with a focus on regulation, signal a promising future for a Bitcoin ETF.
  • Meanwhile, Bitwise, a prominent player in the cryptocurrency industry, has resubmitted its revised proposal for a BTC ETF to the U.S. Securities and Exchange Commission (SEC).

Former SEC Chair Jay Clayton Expresses Confidence in Impending Bitcoin ETF Approval

  • In a recent interview with CNBC's "Last Call," former SEC Chair Jay Clayton expressed unwavering confidence in the forthcoming approval of a Bitcoin ETF.
  • One of the primary issues that Clayton addressed in the interview was the prevalence of questionable trading practices in the Bitcoin market.
  • Clayton's comments echo the sentiment that a mature, well-regulated market is essential for the successful introduction of a Bitcoin ETF.
  • High-quality and reliable market data had also been a substantial obstacle to the approval of a Bitcoin ETF.
  • However, in recent times, Jay Clayton believes that the landscape of the Bitcoin market has undergone significant transformation.

Bitwise Resubmits Bitcoin ETF Proposal to SEC Following Regulatory Feedback

  • ETF industry analyst James Seyffart has recently shared insights into Bitwise's amended proposal, indicating that it largely aligns with expectations.
  • One notable detail revealed in this resubmitted proposal is the ticker symbol that the Bitwise product would use if approved by the SEC.
  • The journey toward a Bitcoin ETF has been a long and complex one, marked by regulatory hurdles and evolving market dynamics.
  • Nevertheless, as Bitwise resubmits its proposal with amendments aimed at addressing regulatory concerns, the cryptocurrency community eagerly awaits the SEC's decision.

Price Overview

  • According to data from CoinStats, BTC was down 1.83% and was changing hands at $34,048.14 at press time.
  • Notably, this was a minor correction compared to its weekly performance, which stood at more than 16%.
  • Price chart for BTC (Source: CoinStats)
    BTC was able to establish a peak at $34,766.63 over the past 24 hours, but had since retraced to trade at its current level.