Bitwise CEO Calls Dogecoin ETF Failure Tragic Gap
Bitwise CEO Hunter Horsley noted that the failed Dogecoin ETF highlights a disconnect between traditional ETF buyers and crypto application users.
Speaking about recent industry trends, Bitwise CEO Hunter Horsley stated that the failure of a Dogecoin exchange-traded fund highlights a clear gap between traditional ETF buyers and active cryptocurrency application users, according to TheBlock.
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While discussing market demand, Horsley pointed to the recent launch of its spot NEAR exchange-traded fund. Alongside this product rollout, Bitwise is prioritizing artificial intelligence initiatives and intends to expand its operations further in that sector.
Key facts
- Bitwise CEO Hunter Horsley commented on the Dogecoin exchange-traded fund failure.
- The executive stated the event demonstrates a gap between ETF buyers and crypto-app users.
- Bitwise recently launched a spot NEAR exchange-traded fund.
- The firm is currently prioritizing artificial intelligence and plans further development in the area.
Source: theblock.co
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