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Bitwise CIO claims his investment products are better than futures-based ETFs
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Last week marked a landmark for the cryptocurrency industry, as the very first ETFs backed by Bitcoin Futures were launched on the New York Stock Exchange. The US’ first Bitcoin ETF by ProShares hit more than $1 billion in assets under management in around 48 hours of being listed. This made it the most successful ETF launch of all time. With more ETFs lined up to be released and even more waiting for approval, understanding and retaining investor interest is the top priority for these funds.
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