I noticed that yesterday the SEC approved several spot Bitcoin ETF and this is great. I’m wondering, I’ve been holding a lot in BITW. Does BITW continue to be traded OTC? I noticed bitwise came out with their BITB, what happens to BITW in this?
BITW is unaffected. It won’t become an ETF in the foreseeable future. But the new ETFs are likely to generate higher prices for bitcoin over time, and BITW will benefit, as more than half of it is BTC. And the other coins likely will rise, too, as this situation is rising-tide scenario. I have no plans to sell my BITW.