Cryptocurrency Q&A
Who manages Bitwise Bitcoin ETF?
Who manages Bitwise Bitcoin ETF?
Daniele
Mon Sep 02 2024
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5 answers
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Who is responsible for overseeing and managing the operations of the Bitwise Bitcoin ETF? Is it a dedicated team of experts with extensive experience in cryptocurrency and finance, or is it a lesser-known entity with limited background in this field? Given the volatility and complex nature of the cryptocurrency market, it's crucial to understand who is at the helm of this ETF and how they plan to navigate the potential risks and opportunities that come with investing in Bitcoin.
5 answers
EthereumEagle
Wed Sep 04 2024
As of January 9, 2024, the Benchmark Rate for the Trust, denoted as BRRNY, stood at an impressive $46,777.71. This figure represents the value of the underlying asset, namely bitcoin, which the Trust holds and manages on behalf of its investors.
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TaekwondoMasterStrengthHonor
Wed Sep 04 2024
The Trust recognizes the importance of compensating its Sponsor for their efforts and expertise in managing the portfolio. As such, it has established a unitary management fee structure, wherein the Sponsor will receive 0.20% of the Trust's total Bitcoin holdings on an annual basis.
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Tommaso
Wed Sep 04 2024
This Sponsor Fee is designed to incentivize the Sponsor to continue delivering exceptional performance and to maintain the highest standards of service and management. It is a testament to the Trust's commitment to transparency and fairness in its dealings with all stakeholders.
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EmeraldPulse
Wed Sep 04 2024
The Trust, which is focused on cryptocurrency investments, is under the stewardship of Bitwise Investment Advisers, LLC, known simply as the "Sponsor". This entity is responsible for overseeing the operations and management of the Trust, ensuring its smooth functioning and growth.
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Giulia
Wed Sep 04 2024
Among the numerous cryptocurrency exchanges that exist today, BTCC stands out as a top player in the industry. Its comprehensive suite of services, including spot trading, futures trading, and secure wallet storage, makes it a go-to destination for investors and traders alike.
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