- Bitwise applies for an Ethereum ETF emphasizing spot trading but omits staking features.
- Bitbot presale raises over $1.6 million, BITBOT tokens currently stand at $0.0134.
- Bitbot’s next presale phase expects the price of its token to rise to $0.0141.
Bitwise Asset Management has taken a bold step into the cryptocurrency market by applying for an Ethereum Exchange-Traded Fund (ETF), despite the regulatory challenges it faces.
At the same time, Bitbot, a new Telegram bot, is also making waves, as its token presale sells out quickly at every stage.
Bitwise request for an Ethereum ETF
Bitwise filed its Form S-1 with the SEC on Thursday for what it calls the Bitwise Ethereum ETH ETF. The application marks a significant milestone in the company’s journey into the cryptocurrency investment space.
The Ethereum ETF submission includes a comprehensive analysis of the correlation between Ethereum and Bitcoin, highlighting similarities in market dynamics and strengthening the case for Ethereum ETF approval.
Following the approval of its Bitcoin spot ETF, Bitwise aims to replicate its success with Ethereum.
The company’s decision to venture into Ethereum ETFs underlines its confidence in Ethereum’s potential as a viable investment asset.
Unlike some competitors, Bitwise’s proposal focuses exclusively on the spot trading aspect of Ethereum, omitting mention of the staking features found in other ETF documents. This strategic differentiation aims to streamline the approval process and uniquely position Bitwise in the competitive ETF landscape.
Bitbot: Power Cryptocurrency Trading with Innovative Features
Alongside Bitwise’s Ethereum ETF efforts, Telegram continues to innovate in the digital currency trading sphere, with its new Bitbot trading bot.
This is an unattended Telegram trading bot, designed to democratize access to advanced trading tools for users of all experience levels.
With features like automatic sniping, limit orders, copy trading, and yield optimization, Bitbot offers users institutional-grade trading capabilities right from the convenience of Telegram.
At the heart of Bitbot’s ecosystem is its native token, BITBOT, which serves as a utility coin that offers holders various benefits.
BITBOT holders enjoy revenue sharing, exclusive access to pre-sales, unique benefits and governance rights, allowing them to actively participate in Bitbot’s strategic direction.
Bitbot presale
Bitbot’s ongoing presale has garnered considerable attention and support from the crypto community.
With over $1,621 million raised so far, the pre-sale demonstrates investors’ strong confidence in Bitbot’s vision and capabilities.
In the current presale phase, BITBOT tokens are available at $0.0134, offering investors the opportunity to secure their participation in the Bitbot ecosystem at an attractive price.
Looking ahead, the next presale phase represents an opportunity for investors, as the price is expected to rise to $0.0141.
With its innovative features and promising roadmap, Pre-Sale serves as a gateway for those who want to become early adopters and contribute to Bitbot’s continued growth and success.
