“Bitwise is likely responding to feedback from their clients and potential clients,” stated James Seyffart, ETF analyst at Bloomberg Intelligence. “Given that Bitwise has an actively managed division, it makes sense for them to explore this option. We are aware that there are investors interested in bitcoin but are looking to minimize volatility, especially downside risks. I believe this new offering aims to address that. The success of this initiative will be determined in the coming years, as timing the market is a challenging task.”
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