TechFlow news — this morning, cryptocurrency asset management firm Bitwise announced the launch of the Bitwise Ethereum ETF (ticker: ETHW). Key features of the ETF include:
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Direct investment in and holding of Ethereum (ETH).
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An annual management fee of 0.20%, waived for the first six months or until assets reach $500 million.
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Bitwise Investment Advisers, LLC will donate 10% of profits to Ethereum open-source developers.
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The fund’s Ethereum wallet address is publicly available to ensure transparency.
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Managed by a professional cryptocurrency team.
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