CandleFocus Bitwise records $26m inflows in a few hours
2024-11-29
Author: Content Editor
Bitwise Investment Management has seen a surge in inflows, recording $26 million in one day with a short market day. CEO Hunter Horsley suggests that the strong demand for digital assets from investors is responsible for the bull run. The company has filed to launch a 10-Crypto index ETF, which is expected to open up the digital asset market to institutional and retail investors. Coinbase Custody will store the assets, while the Bank of New York Mellon will act as the fund's cash custodian and administrator. In addition, Bitwise has rebranded its European XRP ETF to Bitwise Physical XRP ETP, aiming to enhance its appeal to institutional investors seeking regulated exposure to XRP.
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