Bitcoin ETF? Bitwise CEO Remains Optimistic SEC Will Approve

ETF Trends | Aug 15, 2019 at 5:31 PM
  • Bitwise Asset Management, the investment firm that pioneered the first privately-offered cryptocurrency index fund, announced last July that it would file the registration statement with the Securities and Exchange Commission (SEC) that will introduce the first publicly-offered cryptocurrency index exchange-traded fund (ETF) to the capital markets.
  • The focus of the Bitwise HOLD 10 Index Cryptocurrency Fund is to track the returns of Bitwise’s HOLD 10 Index–a market-cap-weighted index consisting of the 10 largest cryptocurrencies.
  • Bitwise also has two other investments: the Bitwise Bitcoin Fund and the Bitwise Ethereum Fund are the second and third strategies in the Bitwise fund family.