Alexander Leishman, CEO of River, revealed on the X platform that someone sent 6969 sat to Bitwise ETF on Thursday, making it the only "overcollateralized" spot Bitcoin ETF to date. In response, Bitwise CTO Hong Kim stated that over the past two days, Bitwise's spot Bitcoin ETF "BITB" has received a total of 998,085 sat (about $419) through 35 UTXOs. Although this amount is negligible compared to the asset management size (which has exceeded $550 million), these assets have been added to the net asset value and brought benefits to shareholders.

Bitwise CEO Hunter Horsley has revealed that $31 million has flowed into its Bitcoin ETF "BITB" today, representing effective purchases of Bitcoin by investors. Currently, the Bitcoin asset management scale of the ETF has exceeded $550 million. Hunter Horsley stated that Bitwise is creating a first-level ETF specifically for the unique nature of Bitcoin, with the lowest fees for investors, and has previously announced that 10% of gross profit will be used for Bitcoin open source development.

Bitwise analyst Ryan Rasmussen wrote on X platform that the current asset size of tokenized real-world assets (RWA) is about $5.5 billion, while it will be close to $0 in 2021. Among them: debt: $5.2836 billion (95.5%); real estate: $163.3 million (3.0%); stocks: $73.8 million (1.3%); commodities: $13.6 million (0.2%).

According to BitMEX Research's statistics, Bitwise Bitcoin spot ETF received a capital inflow of $17.3 million on the second day of trading, and a capital inflow of approximately $50 million on the third day. The total capital inflow in the first three days was $305.2 million.

According to the SEC website, Bitwise updated its Bitcoin spot ETF-S1 document, with ETF fees set at 0.24%. The first 6 months waive all sponsor fees for the first $1 billion in trust assets, making it the lowest known fee.

Bitwise Asset Management has launched an ad campaign featuring actor Jonathan Goldsmith, known for his portrayal of "The Most Interesting Man in the World," to endorse their Bitcoin exchange-traded funds (ETFs). The campaign coincides with Bitwise's pending Bitcoin ETF application with the US Securities and Exchange Commission (SEC), which is expected to be approved in early January 2024. Other asset managers, including ARK Invest, 21Shares, BlackRock, and WisdomTree, have also made updates to their Bitcoin ETF applications and adopted the SEC's "cash create" redemption mechanism. Bitcoin's price has surged by 5.5% in the last 24 hours, contributing over $50 billion to its market capitalization.

BlackRock and Bitwise have submitted amended S1 forms to the SEC, indicating that they are working to address any concerns raised by the regulator. It is not clear what specific information was requested by the SEC, but analysts had predicted changes following recent meetings. BlackRock's updated filing included 21 notable amendments, covering topics such as security, risks, disclosures, and the structure of the Trust. The SEC is expected to make a decision on approving spot bitcoin ETFs by Jan 10th, with a 90% chance of approval according to Bloomberg analysts.

Bitwise Asset Management stated on November 9th that it has no relationship with the now dissolved Bitwise Industries, and has never had any relationship with them. Bitwise Industries was a former technology company located in Fresno, California. Bitwise Asset Management, Inc., headquartered in San Francisco, is the largest cryptocurrency index fund management company in the United States. Bitwise Industries was a bankrupt technology company that appears to have had no involvement with cryptocurrency in any way. Two US institutions have charged the founder of Bitwise Industries today. The US Securities and Exchange Commission (SEC) stated that founders Irma Olguin, Jr. and Jake Soberal raised $70 million by falsifying company financial information. At the same time, the US Department of Justice (DOJ) stated that the founders conspired to commit wire fraud and fraudulently obtained $100 million before the company went bankrupt. These two individuals have not yet been convicted, but each faces up to 20 years in prison and fines or penalties from each institution.

Bitwise Industries co-founders Irma Olguin Jr. and Jake Soberal have been arrested for allegedly executing a fraudulent scheme that swindled investors out of $100 million. They are accused of fabricating bank statements and providing false financial information to investors and their own board. The charges come after Bitwise furloughed 900 employees, causing disruption to its operations and putting the future of the company's commitments to various U.S. cities in doubt. Despite the scandal, Bitwise has amended its application for a Bitcoin ETF to offer investors regulated exposure to Ethereum and Bitcoin futures.

According to Bitwise CEO Matt Hougan, a spot Bitcoin ETF could attract $5 billion in the first year and up to $50 billion in the first five years. Hougan believes that a spot BTC ETF will increase demand for Bitcoin, but the impact on the value of Bitcoin is unclear. However, he sees the combination of net new demand and decreasing supply due to the halving as an exciting opportunity for investors.