Tag: Fund

Bitcoin, Ethereum combo fund to lead ‘wave’ of crypto ETFs in 2025: Analysts

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An exchange-traded fund (ETF) tracking both Bitcoin and Ether is expected to be the first in a “wave” of new United States crypto funds in 2025, senior Bloomberg ETF analyst Eric Balchunas said. “We expect a wave of cryptocurrency ETFs next year, albeit not all at once,” Balchunas posted to X on Dec. 17, sharing an analysis from fellow ETF analyst James Seyffart.  The duo anticipates the first new Bitcoin (BTC) and Ether (ETH) combo fund to be followed by ETFs tracking Litecoin (LTC) or Hedera (HBAR). Seyffart noted that…

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Spot Bitcoin ETF Issuer Bitwise Pledges 10% of Profits To Fund Open-Source BTC Development

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Today, Bitwise Asset Management unveiled a new initiative, confirming their pledge to allocate 10% of profits from the Bitwise Bitcoin ETF (BITB) towards supporting Bitcoin open-source development, according to a press release sent to Bitcoin Magazine.  The donations will benefit three esteemed non-profit organizations – Brink, OpenSats, and the Human Rights Foundation’s Bitcoin Development Fund. “Bitcoin was launched 15 years ago without a fundraise and has always been maintained by a dedicated community of open source developers,” said Bitwise CEO Hunter Horsley. “We’re excited for the Bitwise Bitcoin ETF (ticker: BITB)…

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Open-source advocates launch OP Stack testnet to fund public goods

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Layer-2 blockchain Public Goods Network launched a testnet on July 7, promising to spend “the vast majority of net sequencer fees” on public goods instead of paying them out to the development team or token holders, according to an announcement from the network’s developers. In economics, a “public good” is a good that cannot be produced for profit because it is difficult to exclude non-payers from its consumption. The new network was developed by the same team that created Gitcoin, a project that seeks to raise funds for open-source projects.…

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Bitcoin Can Save California’s Largest Pension Fund From Its Existential Problems

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This is an opinion editorial by Dom Bei, the former Santa Monica Firefighters Union president. Author’s note: Pension issues have been in and out of the media for decades. My own background and perspective on these issues come from over a decade of experience as an executive board member for my local firefighter’s union. Additionally, I sat on my municipality’s pension advisory board, where I learned the fundamentals of pension funds. This is a complex issue, but one worthy of our time and attention due to its significance in the…

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