Bitwise Files For Physically Backed Bitcoin ETF
The firm's CIO explained their filing's rationale, sharing that the SEC can now approve an actual bitcoin ETF.Bitwise Asset Management has filed for a physically-backed bitcoin ETF with NYSE Arca, according to a new filing with the SEC.The exchange-traded fund would trade spot bitcoin instead of BTC futures, as most filings have recently sought to do."The market has matured," Bitwise chief investment officer Matt Hougan said on a Twitter thread, explaining the company's rationale for the filing.While many companies have been following the SEC's chair Gary Gensler's recent....
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On February 2, the crypto asset manager, Bitwise Asset Management, announced it had filed a Form 211 with the U.S. Financial Industry Regulatory Authority (FINRA). If the proposal is approved Bitwise will be able to deploy its shares publicly via over-the-counter (OTC) desks and secondary markets. Bitwise Plans to Compete With Grayscale’s Bitcoin Trust The popular cryptocurrency index fund provider, Bitwise Asset Management, hopes to get regulatory approval from America’s financial regulators in order to publicly list the Bitwise Bitcoin Fund on OTC markets. The Bitwise....
The investment firm withdrew its application for a physically-backed Bitcoin ETF in 2020, but has already received approval for a fund offering investors exposure to companies in the blockchain and crypto industry. After almost two years, Bitwise Asset Management has once again applied with the U.S. Securities and Exchange Commission to create a Bitcoin exchange-traded fund. In an Oct. 14 Twitter announcement from Bitwise chief investment officer Matt Hougan, the investment firm will be pursuing a Bitcoin (BTC) ETF with NYSE Arca that holds “actual BTC,” and not derivatives or other....
CoinShares has announced an exchange-traded product physically backed by bitcoin to entice institutions into Plan B. The post CoinShares Offers Institutional On-Ramp With Physically-Backed Bitcoin ETP appeared first on Bitcoin Magazine.
Crypto asset management firm Bitwise announced the launch of the ‘Bitwise Crypto Industry Innovators ETF’, the first listed ETF in the US with ‘crypto’ in it’s name. Bitwise has over $1.5B in assets under management. The Bitwise ETF The Bitwise ETF will be listed on the New York Stock Exchange under the ticker BITQ. The […]
EQONEX Limited launched a physically backed bitcoin ETN for German investors which will allow free bitcoin redemption and low management fees.