Wall Street Analysts Weigh in on Latest NFP Data 
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
BCA Research Warns Iran and Ukraine Ceasefires May Offer Limited Relief for Global Markets 
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays 
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand 
Gold Cracks Below $4,500 as Safe-Haven Shine Fades; Technical Breakdown Signals Sell-on-Rallies Toward $4,000 
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
Stock Futures Dip as Investors Await Key Payrolls Data 
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
FxWirePro- Major Crypto levels and bias summary 
JPMorgan Sees Biotech Sector at Turning Point, Upgrades Top Pharma Stocks 
Bitwise optimistic on Crypto Index Investment Fund,despite SEC’s deferment of approval of crypto-index ETFs.
Well, the San Francisco-based asset management company, Bitwise filed for “the first publicly-offered cryptocurrency index exchange-traded fund (ETF)” amid the varied perspectives between highly constructive crypto-aspirants and diplomatic regulators.
Yesterday, he U.S. Securities and Exchange Commission (SEC) has postponed deciding on whether to approve Bitcoin-related exchange-traded funds (ETFs), public documents divulge.
But for now, Bitwise has not given up, joint ventures with Abra, which is the crypto wallet provider, to unveil its own token with an objective to customize new avenue for the investors with more exposure to the crypto market.
The token is termed as “Bitwise 10 Crypto Index Token or Bit10”. The specialized fund would be comprised of top 10 cryptocurrencies by market capitalization and weighted on a regular basis (MoM).
The token most likely to be designed to resemble in the Bitcoin structure, while the clients can make an access into the top 10 cryptos through from Abra platform. Thereby, the investor class can stay invested into the major portion of the crypto market.
It is established on the Bitwise index fund, and please be noted that it would certainly not be an exchange-traded traded fund (ETF), though, seems so. Most importantly, the token utilizes smart contracts that is driven by the crypto to the Bit10 index.
Bitwise Asset Management is a cryptocurrency asset manager which founded in 2017. Bitwise launched the first cryptocurrency index fund, the firm already manages “the world’s first cryptocurrency index fund, the Bitwise Hold 10 Private Index Fund through private placement,” it described. The top-notch components of this index fund are 55% BTC, 20% ETH, 9.4% XRP, 6.4% BCH, 2.6% LTC as of last June.
Currency Strength Index: FxWirePro's hourly BTC spot index is inching towards -24 levels (which is mildly bearish), hourly USD spot index is at 83 (bullish), while articulating (at 13:03 GMT). For more details on the index, please refer below weblink:
