Bitwise CEO Says Investors Have Swapped About $70 Million in Spot Crypto for Bitwise ETFs This Quarter

Bitwise CEO said on X that he recently received updated data from @JWFarrell showing investors have exchanged about $70 million in spot crypto assets for Bitwise ETFs so far in the third quarter. According to Odaily, he said interest in such products continues to grow for reasons including peace of mind, tax simplification, wills and estate planning, and borrowing and margin use. He added that he hopes to keep lowering the minimum investment threshold.