Bitwise Bitcoin and Ethereum ETFs to Offer In-Kind Creation and Redemption
According to Jinse Finance, crypto asset management firm Bitwise has announced that its Bitwise Bitcoin ETF (NYSE: BITB) and Bitwise Ethereum ETF (NYSE: ETHW) will now offer in-kind creation and redemption services for authorized participants. These services have received approval from the U.S. Securities and Exchange Commission and are expected to lower trading costs for investors in Bitwise’s spot crypto ETPs.
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