Phyrex
Phyrex|Feb 18, 2025 17:30
This data is very interesting, the key is not that Bitwsie donated $150000, but that $150000 is 10% of Bitwise's annual BITB revenue, which means BITB's annual revenue is $1.5 billion. I don't think this number is significant, but Bitwsie's Bitcoin holdings rank second among all BTC spot ETFs in the United States. Even surpassing the GBTC of Grayscale, it should be noted that with similar transaction fees (except for Grayscale GBTC), Wood Sister's ARK holdings are less than a quarter of Bitwise's, so her income is even lower. And this is still ranked fourth, while Valkyrie, ranked seventh, only has one twenty fourth of Bitwise's, so her income is even more pitiful. So what I often say is that if it weren't for top tier companies like BlackRock or Fidelity applying for spot ETFs, even if they were approved, it's very likely that they wouldn't bring in too much capital. Even BTC can't do it, so how can we expect them to bring too much profit in other currencies?
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