Bitget has officially launched ARBETF spot trading and has initiated ARB-related airdrop activities.

BlockBeats reported on March 21 that Bitget is launching an Arbitrum (ARB) recharge trading activity. The event will take place from March 22, 2023 at 11:00 to March 29, 2023 at 18:00 (UTC+8), and includes multiple participation methods such as recharging, trading, and staking, with a total prize pool of 250,000 ARB. Bitget will also offer services such as leverage, copy trading, grid trading, and contracts alongside the spot trading. In addition, Bitget has added an ETF spot product, with the initial launch of the ARBETF spot activity. The event will take place from March 21, 2023 at 22:00 to March 27, 2023 at 22:00 (UTC+8), with a total prize pool of 6,000 USDT. ARBETF is a basket of representative cryptocurrencies selected by Bitget in the Arbitrum ecosystem. At present, ARB ETF is composed of four currencies, GMX (40%), MAGIC (30%), GNS (25%), and RDNT (5%), with different percentages. The composition and percentage of ARB ETF will be adjusted in real time based on the development of projects in the Arbitrum ecosystem.