Bitwise Files Bitcoin ETF Application With the SEC

Rahul Nambiampurath

Wed, Sep 15, 2021, 6:35 AM1 min read

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Cryptocurrency fund manager Bitwise has sent in an application for a bitcoin exchange-traded fund (ETF) to the U.S. SEC, providing exposure indirectly through futures contracts.

Cryptocurrency asset management and advisory firm Bitwise has filed a bitcoin ETF application with the United States Securities and Exchange Commission (SEC). This marks yet another firm sending in an ETF application to the SEC.

Bitcoin ETFs keep rolling in

The ETF, called the Bitwise Bitcoin Strategy ETF, “seeks to provide long-term capital appreciation” through futures contracts. It does not invest directly in bitcoin, which it emphasizes strongly. Besides investing in cash-settled futures contracts, it may also invest in pooled investment vehicles and Canadian-listed funds that provide exposure to bitcoin.

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Bitwise Files Bitcoin ETF Application With the SEC

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