24X Exchange files amended application that could bring 24/7 trading to crypto ETFs
It would be the first time crypto ETF shares that could be traded after-hours in the US.
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It would be the first time crypto ETF shares that could be traded after-hours in the US.
Subject to closing conditions, the agreement will see Bitwise’s Bitcoin ETF scoop up all the Bitcoin from the Osprey Bitcoin Trust.
BlackRock’s IBIT Bitcoin fund had its biggest inflow day since July 22 as Bitcoin slipped back under $64,000 following a weekly rally.
The Bitcoin price increased 8% amid BTC investment products seeing $543 million in inflows last week.
It joins Grayscale’s suite of more than 20 crypto investment products.
ETHA will be the first Ether exchange-traded fund to crest the $1 billion mark.
VanEck is still advocating for its Solana ETF with regulators, said Matthew Sigel.
According to CoinShares’ weekly report, year-to-date flows for all digital asset investment vehicles topped $22 billion in August.
The acquisition adds nine European-listed crypto ETPs to Bitwise’s portfolio and raises its assets under management to over $4.5 billion.
Issuers are lining up for the next wave of cryptocurrency exchange-trade funds.
