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Bitwise Files for Multi-Crypto ETF After Gary Gensler Resignation Hint

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Summary
Nutrition label

78% Informative

Asset manager Bitwise files to convert its crypto index fund to crypto ETP eyeing better regulatory environment ahead.

The Bitwise 10 Crypto Index Fund ( BITW ) will comprise a basket of 10 digital assets, probably the largest by market cap.

This will make crypto investing simpler for retail players looking to seek exposure across multiple digital assets.

Bloomberg ’s Eric Balchunas suggests that regulatory sentiment on crypto ETFs may become more favorable after Gary Gensler's resignation.

VR Score

68

Informative language

61

Neutral language

80

Article tone

formal

Language

English

Language complexity

59

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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