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Bitwise's Bitcoin and Ether ETPs to Offer In-Kind Creations and Redemptions, Providing Greater Trading Efficiency to Investors

1. Bitwise Bitcoin ETF can now offer in-kind share creation and redemption. 2. SEC approval enhances trading efficiencies and reduces costs for investors.

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FAQ

Why Bullish?

The SEC's approval for in-kind share transactions can significantly improve trading liquidity and efficiency for BITB. Historically, ETFs with such provisions attract more capital inflow, positively impacting their price.

How important is it?

The article directly mentions BITB and highlights a significant change that can improve investor appeal and trading volumes. This creates a strong correlation between the news and the ETF's price potential.

Why Short Term?

The immediate trading efficiencies and cost reductions are expected to draw investor interest quickly. However, market reactions to SEC approvals tend to stabilize over time.

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SAN FRANCISCO--(BUSINESS WIRE)--Bitwise Asset Management, the global crypto asset manager with over $10 billion in client assets, today announced that the Bitwise Bitcoin ETF (NYSE: BITB) and the Bitwise Ethereum ETF (NYSE: ETHW) will now offer in-kind creation and redemption of shares by the funds' authorized participants. The SEC's recent approval paves the way for greater trading efficiencies that could ultimately lower trading costs for investors in Bitwise's spot crypto ETPs. Until now, ne.

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