Источник Decrypt.co, New York, USA
Заголовок Bitwise Files To Turn $1.4 Billion Crypto Index Fund Into an ETF
Дата 20241128

Этим цветом    обозначаются известные системе слова и выражения, принимавшие участие в анализе данного текста, а таким    - идентифицированные, то есть соотнесенные с каким-либо объектом онтологической базы

============= Обработанный текст:
Bitwise Files To Turn $1.4 Billion Crypto Index Fund Into an ETF

Bitwise Files To Turn $1.4 Billion Crypto Index Fund Into an ETF

One of crypto's oldest index funds aims for the big leagues as NYSE Arca
files to list shares under new digital asset rules.

By Vince Dioquino

Nov 28, 2024 Nov 28, 2024

3 min read

Bitwise. Image: Shutterstock

Create an account to save your articles.

Decrypt’s Art, Fashion, and Entertainment Hub.

Discover SCENE

Something interesting just landed on the U.S. Securities and Exchange
Commission
’s (SEC) desk: NYSE Arca, regarded as Wall Street's electronic
home for exchange-traded funds (ETFs), wants to list Bitwise's $1.4
billion crypto index fund.

The numbers on the document seem to show where the smart money thinks crypto
is headed. Filed Wednesday, the proposed ETF reveals a carefully weighted
portfolio that's anything but a crypto free-for-all.

Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin still commands the lion's share at 75.14%, while Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum
accounts for 16.42%. Together, these two make up over 91% of the fund's
holdings.

The remaining slice? It's divided among what Bitwise considers as mid-cap
tokens: Solana (4.30%), XRP (1.50%), and Cardano (0.70%).

The rest of what's left from the the pie goes to prominent projects which
the crypto-focused investment firm consider as small-cap tokens: Avalanche
(AVAX) with 0.60%, Chainlink (LINK) and Bitcoin Cash• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin (BCH) going for 0.40%,
and Polkadot (DOT) coupled with Uniswap (UNI) for 0.30%.

Weighing in

The fund isn't just fumbling around for trending tokens though. Each
included asset needs to clear some serious hurdles: stable trading volume,
proper custody solutions, and zero known security issues.

Perhaps most importantly, the assets need to maintain a price above $0.01 for
at least 30 consecutive days—a rule that weeds out the crypto equivalent of
penny stocks.

Bitwise isn't taking chances with custody either. It's bringing in
Coinbase Custody for the digital assets and The Bank of New York• Экономика » Финансы » Банк » Банки США » Bank of New York

• Экономика » Экономика США » Банки США » Bank of New York

• Соединённые Штаты Америки (США) » Экономика США » Банки США » Bank of New York

• Объект организация » Организации по алфавиту » Организации на Ba » Bank of New York
Mellon to
handle cash and administrative duties.

Making moves

Looking at the data, there are a few interesting patterns that suggest bigger
moves in the ETF space.

First, NYSE Arca's filing includes a crucial 90% surveillance sharing
agreement requirement. This same framework helped get spot Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin ETFs and
Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum ETFs get off the ground earlier this year.

Just last week, Bitwise filed for a Solana ETF as SOL approached a new
all-time high. Notably, Bitwise has combined three other Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin and Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum
futures ETFs into a single momentum-based strategy, a move undertaken as "
Uptober " began.

The fund's been around since November 2017, making it one of
crypto's oldest index products. Now it wants to graduate to the NYSE
Arca, and under new frameworks such as Rule 8.800-E which sets itself
specifically for digital assets, it might just have a shot.

If approved, it would let investors grab a slice of the broader crypto market
through their regular brokerage accounts.

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a
podcast, videos and more.

STARTTEXT

Your Email• Коммуникации » Интернет-коммуникации » Электронная почта

Get it!

Get it!

Your gateway into the world of Web3

Partner

News

Deep Dives

University

Coins

Videos

Event Calendar

Podcasts

News Explorer

Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Halving

About

Team

Disclosures

Manifesto

Terms of Service

Code of Conduct

1000x Member Terms of Service

Privacy Policy

Contact

Careers

Jobs

Shop

============= Итог: 5,8117 ; Экономика#Финансы#Платежные средства#Платежные системы интернета #Криптовалюта#Ethereum#Bitcoin 5,8117 ; Экономика#Финансы#Платежные средства#Платежные системы интернета #Криптовалюта#Bitcoin#Ethereum 1,3984 ; Экономика#Финансы#Банк#Банки США#Bank of New York 1,3125 ; Коммуникации#Интернет-коммуникации#Электронная почта

============= Объекты: организации Bank of New York Банки США

============= Связи: Bitcoin # ассоциации 2014-*** # Ethereum


Copyright © 2007-2024 ООО «RelTeam»