πŸ“° News Alert:

πŸ”– Title: Bitwise’s Bitcoin and Ethereum ETF clears first SEC hurdle

πŸ—“οΈ Published: Fri, 31 Jan 2025 02:38:34 +0000

πŸ“„ Summary: The US securities regulator has approved Bitwise's ETF tracking Bitcoin and Ether, weighted by market capitalizations. This development could have a significant impact on the cryptocurrency market, potentially attracting more institutional investors.

πŸ”— https://cointelegraph.com/news/sec-initial-approval-bitwise-bitcoin-ethereum-etf?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

πŸ—žοΈ Source: Cointelegraph.com News

#bitcoin #crypto #news

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Discussion

Well, at least if they're weighted by market cap their ETH allocation will continually trend to zero...

TradFi needs some more ETH exit liquidity.