Bitwise’s crypto index fund does more volume than ETHE on its second day in the OTC market

Spread the love

Bitwise’s crypto index fund has done more volume than Grayscale’s record-breaking Ethereum product on its second day live, according to market data.

Thursday’s trading day volume reached $33,162,394, eclipsing Grayscale’s ETHE by more than $2 million.

Source: OTCMarkets.com

Bitwise began listing shares of its index fund on over-the-counter markets on Wednesday. This moved enabled trading without brokerage accounts when previously, the Bitwise 10 Crypto Index Fund could only be accessed through private placements at net asset value.

Now the index fund joined the likes of Grayscale’s offerings by making the shares publicly available for trading. Grayscale’s crypto products, the Bitcoin-based GBTC and Ethereum-based ETHE, have continuously broken their previous milestones, and at times trading at tremendous premiums relative to net asset value. Bitwise’s BITW gives investors access to the ten largest crypto assets as opposed to Grayscale’s offerings, which hone in on specific digital assets.

GBTC remains top of the charts by a wide margin, with $242,467,110 in volume during today’s trading hours on OTCQX.

RECOMMENDED READ:  Enjin Coin,  EOS, Polkadot Price Movement Analysis for 15th March, 2021

 240 Interactions,  4 today

READ ALSO:
Bitcoin Price Movement Analysis for 11th April, 2021

Is Bitcoin nearing its peak? It's unlikely. Many on-chain measurements revealed that, although Bitcoin was highly bullish, it had not Read more

Fidelity’s Tom Jessop on why Crypto has reached a “tipping point.”

The crypto market has gained traction as a result of low interest rates and fiscal stimulus, according to a Fidelity Read more

How arrests for attempting to obtain a hitman and a nuclear bomb demonstrate that the dark web is not always anonymous.

Paying with cryptocurrency does not guarantee your safety. Most of the criticisms levelled at cryptocurrencies is that its difficult-to-trace existence Read more

Bitcoin, BTT, Dogecoin Price Movement Analysis for 7th April, 2021

Bitcoin was expected to remain above the $55,800-support, a level that coincided with its 200-SMA. BitTorrent Token was projected to Read more

Why crypto analyst Ben Armstrong says, ‘He Very Confident Bitcoin Will Reach $300K This Year.’

Recently, blockchain expert and influencer Ben Armstrong mentioned Bitcoin in a video posted to his highly popular YouTube channel “BitBoy Read more

Binance Coin, Dogecoin, SushiSwap Price Movement Analysis for 4th April, 2021

Binance Coin predicted that fresher record thresholds will be set in the coming days due to solid technicals. Following a Read more

Tron Price Movement Analysis for 4th April, 2021

In the cryptocurrency industry, excessive uncertainty has had a long-term effect on the price of the digital commodity. This uncertainty Read more

Ethereum Price Movement Analysis for 4th April, 2021

Ethereum, the second-largest cryptocurrency, has entered a volatile zone, which could drive the digital asset's price even higher. In the Read more

Bitcoin fell by more than 4%, causing many other cryptocurrencies to plummet drastically.

The world's most expensive cryptocurrency fell 4.1 percent, bringing several other coins down with it, sending the economy into the Read more

Litecoin Price Movement Analysis for 3rd April, 2021

For the last few days, the cryptocurrency industry has been playing chase with the bulls and bears. The economy has Read more

Leave a Reply

Contact Us