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Here is why Bitwise wants to convert its $1.3 billion crypto index fund to an ETF – TON BOT

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Here is why Bitwise wants to convert its $1.3 billion crypto index fund to an ETF

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Bitwise Asset Management plans to convert the Bitwise 10 Crypto Index Fund into an exchange-traded fund (ETF), making it the first crypto index fund to achieve ETF status. Despite trading at a discount, the fund offers a diversified portfolio of major cryptocurrencies. The conversion aims to provide investors with more efficient and regulated investment options in the crypto market.

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