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182 sats
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2 replies
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@anon
7 Mar
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on: I'm Hong, cofounder/CTO of Bitwise. AMA!
AMA
How often does the fund trade/update it's position?
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255 sats
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1 reply
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@hong
OP
7 Mar
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!)
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21 sats
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0 replies
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@anon
7 Mar
Thanks, good to know!
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