Bitwise has unexpectedly withdrawn its application for the Bitcoin and Ethereum Market Cap ETF.
Bitwise’s withdrawal timing raises concern, as its recent call for SEC approval of ETFs.
Bitwise, a prominent provider of cryptocurrency investment solutions, has officially withdrawn its application for the Bitcoin and Ethereum Market Cap Strategy and Exchange-Traded Fund (ETF). The decision has left investors and industry observers puzzled, as it comes one day after Bitwise’s Chief Investment Officer, Matt Hougan, publicly vouched for the approval of ETFs in an interview with Bloomberg.
Bitwise submitted its withdrawal request to the U.S. Securities and Exchange Commission (SEC) on August 3rd, 2023. The now-abandoned ETF had a unique approach. Intending to allocate funds into either Bitcoin futures contracts or Ethereum futures contracts based on the relative market capitalization of these two leading cryptocurrencies. Bitwise had even forged a partnership with ProShares to create a si
We współpracy z: https://thenewscrypto.com/crypto-news-shocking-bitwise-withdraws-btc-eth-etf-application/
