Bitwise’s crypto index fund moves from OTC markets to NYSE Arca, marking another step in bringing diversified digital asset products onto regulated exchanges. Bitwise Asset Management’s 10 Crypto Index Fund (BITW) is moving from the over-the-counter market to NYSE Arca, a shift that brings crypto exposure further into mainstream trading infrastructure. Beginning Tuesday, BITW is officially uplisted to NYSE Arca — one of the New York Stock Exchange’s electronic markets for exchange-traded products — where it will trade as an exchange-traded product, the company announced. Launched in 2017, BITW offers diversified exposure to the 10 largest cryptocurrencies by market capitalization, including Bitcoin (BTC), Ether (ETH), Solana (SOL) and XRP (XRP). The fund rebalances monthly to reflect changes in the broader crypto market. Read more
The move makes PNC the first major US bank to offer spot Bitcoin trading within its own digital platform, starting with private bank clients. PNC Bank has begun offering direct spot Bitcoin trading to eligible private bank clients, becoming the first major US bank to enable buy, hold and sell functions inside its own digital platform. According to a Tuesday release, the launch marks the first phase of PNC’s partnership with Coinbase. Announced in July, the collaboration is supported by Coinbase’s Crypto-as-a-Service trading and custody stack. PNC Private Bank serves high- and ultra-high-net-worth individuals, families, family offices and business owners. The bank plans to expand access to additional client groups and add more capabilities over time. Read more
A new national assessment by the Pakistan Air Quality Initiative (PAQI) has found that local emission sources are the primary contributors to the hazardous air quality levels in Pakistan’s major cities. This emerged on Tuesday. The PAQI is an independent research and advocacy organisation committed to addressing air pollution in Pakistan. The report, Unveiling Pakistan’s Air Pollution: A National Landscape Report on Health Risks, Sources and Solutions, provides the country’s first multi-sectoral emissions inventories and concludes that urban smog is overwhelmingly generated within Pakistan’s own airsheds. “Toxic air pollution reduces the life expectancy of the average Pakistani by 3.9 years,” the report states. The report draws on satellite-derived aerosol datasets, chemical transport modelling and PAQI’s nationwide real-time monitoring network, the largest open-data air-quality system in Pakistan, to map the sources, scale, and health impacts of PM2.5 across the country’s largest cities. PM2.5 is a cancer-ca...