CandleFocus Bitwise Bitcoin ETF(BITB) Options Trading Start on Wednesday
2024-11-19
Author: Content Editor
Bitwise CEO Hunter Horsley has announced that options for Bitwise's Bitcoin ETF (BITB) are set to begin trading on Wednesday. The trading volume for BITB is currently around $115 million, with assets under management close to $4 billion. The public addresses that allow investors to verify the Bitcoin holdings are published on the ETF's website, and 10% of the gross profit will be donated to Bitcoin's open-source developers. The prospectus states that Bitwise Investment Manager is expected to purchase the initial Baskets of Shares for $2,500,000, with Pantera Capital expressing interest in acquiring up to $200 million worth of shares. It is important to note that BITB carries a high degree of risk and is not suitable for all investors.
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