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Bit by Bit Asset Manager x.com/BitwiseInvest/status/1803789737620078875″ target=”_blank” rel=”noopener nofollow noreferrer”>released a commercial today jokingly comparing ethereum (eth) and traditional finance. With the title “Unlike big finance, ethereum doesn't close at 4 pm,” the commercial portrays traditional finance as an old, tired man, while ethereum is a more jovial and energetic version.
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Unlike big finance, ethereum doesn't close at 4 p.m. pic.twitter.com/0gCJi3wlXp
– Bit by bit (@BitwiseInvest) twitter.com/BitwiseInvest/status/1803789737620078875?ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow noopener noreferrer”>June 20, 2024
The character representing ethereum is surprised when the character representing the traditional financial market says that he is “gone for the day” after “working non-stop since 9:30 am.” He adds that ethereum would also be tired if it “moved billions around the world.” .”
“Actually, yes. You know, stablecoins, nfts, loans. “People can access me 24/7,” says the character playing ethereum, and traditional finance is surprised by that statement. Additionally, the commercial also jokes about the fact that traditional financial markets do not operate on weekends.
As reported According to crypto Briefing, Bitwise revised its Form S-1 registration statement for its spot Ether (eth) exchange-traded fund (ETF), highlighting a potential $100 million investment at its launch.
Additionally, the SEC filing indicates that Pantera Capital Management has shown interest in purchasing up to $100 million in shares of this Ether ETF. However, these indications are not binding commitments, leaving open the possibility of buying more, less or no shares.
Notably, Ether spot ETFs could begin trading in the US within two weeks, as shared by Bloomberg ETF Analyst Eric Balchunas on June 14.
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