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Bitwise Bitcoin and Ethereum ETF will provide physical creation and redemption functions.
[Bitwise Bitcoin and Ethereum ETF will provide physical creation and redemption functions] Crypto Assets management company Bitwise announced that its Bitwise Bitcoin ETF (NYSE code: BITB) and Bitwise Ethereum ETF (NYSE code: ETHW) will now provide physical share creation and redemption services for authorized participants of the fund. The related services have been approved by the SEC, and this service is expected to drop the transaction cost for Bitwise Spot Crypto Assets ETP investors.