Bitwise has changed its Bitcoin futures ETF to Bitcoin and Ether Strategy ETF.
The move comes not long after ValkyrieFunds made a similar change to its Bitcoin Futures ETF (BTF) filing.
Bitwise, a major crypto index fund manager, has just made significant changes to its recent Bitcoin Futures ETF filing. In a recent filing, Bitwise updated its prospectus to change BITC from a Bitcoin futures ETF to the “Bitwise Bitcoin and Ether Equal Weight Strategy ETF”.
The new development comes not long after ValkyrieFunds made a similar move. ValkyrieFunds, an alternative asset management firm, filed a 497 to change the investment starved of their Bitcoin Futures ETF (BTF) to include Ethereum Futures. The changes are to take effect on October 3rd.
Speaking on the recent developments, James Seyffrat, Bloomberg analyst, said the following;
We’re in new territory. It’s been 13 days since Volatility Shares was first in a wave of Ethereum futures ETF filings. Back in 2021 it was just a coup
Analyst Says Bitcoin’s Going To Be an ‘Easy Long-Term Trade’ Due to One Catalyst, Updates Outlook on Shiba Inu
A closely followed crypto strategist is calling Bitcoin (BTC) an easy trade over the long term due to…