SEC Demands Bitwise To Clarify Concerns Over Share Manipulation
The agency’s worries about the forthcoming project include liquidity and the possibility of share controls. The SEC has informed Bitwise investment company about salvaging issues with share monopolization, fraudulent acts, and other possible challenges that can arise in its planned spot Bitcoin ETF. This information was passed as a notice to Bitwise on Tuesday. What […]
Related News
The legal battle between payment company Ripple and the U.S. Securities and Exchange Commission (SEC) carries on. Going in on its second year, newly released documents could provide the payment company with an advantage over the Commission. Related Reading | SEC Demands Bitwise To Clarify Concerns Over Share Manipulation Starting on December 2020, the regulator […]
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 […]
The Securities and Exchange Commission is once again inviting the public to comment on whether a spot Bitcoin ETF presents a material risk to investors. The United States Securities and Exchange Commission (SEC) has once again delayed its ruling on whether to approve Grayscale’s application for a Bitcoin (BTC) exchange-traded fund (ETF), citing familiar concerns around manipulation, liquidity and transparency. In a notice published Friday afternoon, the SEC expressed concerns about how the digital asset manager intends to convert its Grayscale Bitcoin Trust (GBTC) into a spot ETF. Namely,....
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....
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....