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“I think the perception is that Day 1, a bitcoin ETF launches and Day 2 it has $30 billion in assets, and that’s just not the way ETF works,” Hougan said. “GLD is the fastest-growing ETF of all time, it hit $1 billion in three days, then hit $3 billion
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“The index draws on a list of liquid crypto assets that pass a series of risk screens to ensure that they are appropriate for professional investors,” Ball said. “Those screens include items related to custody, liquidity, technological and regulatory risk, as well as screens like developer activity, revenues and fit
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The SEC has asked Bitwise to clarify how the investment firm will prevent share manipulation, fraud and other potential issues in its proposed spot bitcoin ETF, according to a notice to the company on Tuesday. The agency also flagged its concerns about the Bitwise Bitcoin ETP Trust's liquidity and transparency
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The U.S. Securities and Exchange Commission (SEC) is pushing out its review of proposals by Grayscale and Bitwise for their spot bitcoin exchange-traded funds (ETFs) by 45 days, according to filings around both products. Grayscale is owned by Digital Currency Group, which is the parent company of CoinDesk. Source
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In an effort to democratize access to nonfungible tokens, art collections and other digital assets of value for the masses, Bitwise Asset Management launched its new index fund on Dec. 16.As per the announcement, the Bitwise Blue-Chip NFT Index Fund is designed to allow accredited investors to invest in major nonfungible
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The United States Securities and Exchange Commission continues to delay decisions on Bitcoin (BTC) exchange-traded funds (ETF), issuing two fresh deadline extension notices.On Wednesday, the SEC postponed two major Bitcoin exchange-traded offering proposals, including NYSE Arca’s “actual” Bitcoin ETF, named Bitwise Bitcoin ETP Trust, and Grayscale Bitcoin Trust’s Bitcoin ETF.The
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Bitwise Asset Management has withdrawn the application for its Bitcoin Futures exchange traded fund (ETF) citing what it said are the cost and complexity of such ETFs and that the company will instead focus its efforts on its spot Bitcoin ETF filing already in the pipeline. Original Source
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Bitwise Asset Management has withdrawn its application for a Bitcoin (BTC) futures-based exchange-traded fund (ETF) amid a number of such products launching in the United States.While dropping its futures-linked ETF, the firm is still bullish on a spot Bitcoin ETF, which is designed to track Bitcoin directly, Bitwise chief investment
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NYSE Arca, a subsidiary of the New York Stock Exchange (NYSE) Group, wants to list and operate a trust based on Bitcoin (BTC) exchange-traded products (ETP).In a rule-change proposal with the United States Securities and Exchange Commission, NYSE Arca proposed to list shares of the Bitwise Bitcoin ETP Trust.The proposal
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“For years, the excitement around crypto’s most promising use cases, including DeFi [decentralized finance] and NFTs [non-fungible tokens], has been muted by the fact that Ethereum simply isn’t built to handle it all yet,” Matt Hougan, Bitwise’s chief investment officer, said in a statement. Hougan sees Polygon as a platform
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