Bitwise Cryptocurrency Investment Fund made a request to the US Securities and Exchange Commission (SEC) for permission to launch Bitcoin-ETF. The company plans to place new instruments on the NYSE Arca.
Bitwise has posted this on Twitter:
Today Bitwise announced the filing of an initial registration application on the S-1 form to the US Securities and Exchange Commission (SEC) regarding the new proposed physical exchange-traded fund.
Bitwise Bitcoin ETF will be based on Bitwise Bitcoin Total Return Index, calculated by Bitwise Index Services, LLC. It is assumed that it fully reflects the value of investment in Bitcoin, including their fork. The index receives price data from large and reliable trading platforms. ETFs will be supported by coins physically at the disposal of regulated third-party custodians.
It is worth noting that this is the second Bitwise attempt to obtain permission for Bitcoin-ETF.
And what do you think about this?
