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Bitwise stated that Bitcoin and other assets received by the ETF wallet will benefit the fund's shareholders.

2024.01.26 - 13:49
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TechFlow news, according to The Block, Bitwise recently became the first spot Bitcoin exchange-traded fund (ETF) issuer to publish its fund wallet. However, this has come with a series of unexpected gifts: users have sent small amounts of Bitcoin and other assets to the wallet, totaling over $5,000.

Bitwise Chief Investment Officer Matt Hougan said all these assets will benefit BITB shareholders. According to the fund's S-1 filing, if Bitwise receives assets involuntarily, it may sell them and distribute the cash proceeds proportionally to shareholders.

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