pull down to refresh
182 sats \ 2 replies \ @anon 7 Mar 2024 \ on: I'm Hong, cofounder/CTO of Bitwise. AMA! AMA
How often does the fund trade/update it's position?
every market open day where we have inflows / outflows (an AP comes to the trust and asks to create shares or redeem shares). when money comes in we go out and buy bitcoin. when money leaves we go out and sell bitcoin (hasn't happened to us yet!)
reply
Thanks, good to know!
reply