Bitwise plans to list a new Bitcoin product on NYSE
Bitwise plans to launch a new Bitcoin product, BITB, on NYSE. After 10 years, this could be the moment for a big Bitcoin breakthrough, as investors watch closely.
Bitwise Asset Management is getting ready to launch a new Bitcoin product on the NYSE called BITB. After ten years of trying, this might be the big break for a Bitcoin ETF.
Ryan Rasmussen from Bitwise thinks many Americans might start investing in Bitcoin because of this. Big investors are watching Bitcoin's price rise, especially as other investments go down.
Larry Fink of BlackRock, another company wanting to launch a Bitcoin ETF, believes Bitcoin is a good place to keep money safe. Right now, with things like houses and shares losing value, more people are turning to Bitcoin and gold.
This month, Bitcoin's price rose 30%. Bitwise has also introduced new products for Ethereum, another type of digital money. But the most exciting news is about the Bitcoin ETFs, especially for big money players like Wall Street.
Many think these new Bitcoin products could bring in $14 billion in their first year. Everyone is eager to see if they'll start before January 10.
