Bitwise indicates that the Bitcoin and other assets received by the ETF wallet will benefit the shareholders of the fund
According to The Block, Bitwise recently became the first exchange-traded fund (ETF) issuer to release its fund wallet on a spot Bitcoin exchange. However, this was followed by a series of unexpected gifts. Users sent small amounts of Bitcoin and other assets to the wallet, totaling over $5000 in value.
Matt Hougan, Chief Investment Officer at Bitwise, stated that all these assets will belong to BITB shareholders. According to the S-1 filing of the fund, if Bitwise receives assets involuntarily, they may sell them and distribute cash proportionally to shareholders.
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