The property manager Bitwise has registered an almost protocol ETF at Delaware. This step shows that the company plans to apply for an ETF close to the US Security and Exchange Committee (SEC).
Usually this is the first step in presenting the first place ETF. Therefore, the asset manager is likely to send the S-1 and 19B-4 forms to the government next to the ETF. These papers officially start for SEC to tell the fund not to say yes.
Just in Near $ ETF Delaware. pic.twitter.com/xssdvh7pmu
– Mayank Dudja (@imcryptofreak) April 25, 2025
According to information about the official state of Delaware websiteOn April 24, the company registered with the name of Bitwise near Bitwise near Bitwise.
There is currently a market value of about $ 3.17 billion nearby. It is 34 in the market value. The largest crypto and it calls itself an AI block chain.
It is also the first time that a institution has tried to bring the US market almost aimed at ETF. If this is successful, this needle may shift the protocol on a wider institutional exposure.
Bitwise jumps at the frontline of the attachments when Paul Atkins is in charge of
Bitwise has already applied for Solana, XRP, Dogecoin and Aptos ETFsTo. He wants to offer more than just Bitcoin and Ethereum ETF.
XRP and Solana ETFs are said to be closest to the SEC approval. These two altcoins are ahead of the other Altcoins because they both have trade markets. Both secured trade markets with CME Group. CME has already launched Solana Futures and Xrp Waiting for its launch on May 19.
Bitwise seems to be ready to expand when the SEC sees the crypto business more open now that Trump is in office and opened by crypto-propagator Paul Atkins.
However, SEC has shown that attaching their ETFs is in no hurry. It has given itself until mid -October. Recently, the Commission decided on the proposal of Grayscale Polkadot ETF.
It is still not clear when Bitwise will present an ETF with SEC, but it may be a good sign in the near future, which rose to more than 5%immediately after the disclosure of Delaware registration. This is over 27%on the 7-day leverage trajectory.
Bullish week for crypto ai
The Crypto AI field comes to life. All the market value has increased by more than a third in the last two weeks. Chain information shows that the market value of the sector was $ 70.42 billion in mid -January and then quickly fell to the country, reaching the lowest point of $ 21.46 billion on April 9. It is now up to $ 32 billion, with most of the growth last week.
After a week, second With a close rise, rendering is 14%, the artificial superintelligence union grows 40%and bitensor grows by 42%. The ICP has also risen by 12%and Filecoin is 16%. This week, the crypto -sector as a whole has mostly enjoyed a bull rally led by a giant crypto Bitcoin.
Analysts think the rally was based on Paul Atkins, but AI's cryptoser success came immediately after the April 17 Coinecko report. It found that the top 20 crypto tales are five AI, which received 35.7% of global investors' interests and more than 27.1% of six memoine narratives.
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