News | 01.11.19
Bitwise Hopes To Crack SEC Code With Proposed Bitcoin ETF
Bitwise Asset Management has filed an initial registration statement with the SEC for a physically held bitcoin exchange-traded fund (ETF) that would track the Bitwise Bitcoin Total Return Index. Bitwise says its proposed ETF differs from previously filed bitcoin ETFs by relying on regulated third-party custodians to hold its physical bitcoin, and that the index draws prices from various cryptocurrency exchanges representing the majority of currently verifiable bitcoin trading.
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