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Crypto ETF Marketing Wars Heat Up As Issuers Unleash Flurry of Ads

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2023-12-21 13:42:03
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The race to capture investor attention erupted this week as Bitcoin ETF issuers Bitwise and Hashdex rolled out three crypto-focused TV commercials within 48 hours.

Bitwise fired first on December 18th featuring actor Jonathan Goldsmith of "Most Interesting Man" fame. Hashdex responded on the 20th with a truck ad proclaiming "stocks aren't crypto." Bitwise then hit back the same day reprising Goldsmith.

While Bitwise won praise for superior branding, the dueling campaigns exhibit remarkable confidence given no SEC ETF approval yet. Analysts estimate 90% odds of greenlighting by January 10th.

As blockchain pioneer Samson Mow explains, the pre-approval advertising battlespotlights the fierce competition between issuers for investor inflows and assets under management post-approval. Branding and messaging now could define future dominance.

The opening salvos likely presage an intensifying marketing war. "Think Jonathan Goldsmith is interesting?" Mow mused. "Wait until BlackRock unveils Novak Djokovic pitching its Bitcoin ETF during the Super Bowl."

 

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