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