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Bitwise Makes 40-Page Addition to Its Spot Bitcoin ETF Application
Bitwise, an asset management firm, has updated its application for a spot Bitcoin exchange-traded fund (ETF) with the United States Securities and Exchange Commission (SEC). The 40-page addition follows after the regulator complained about the firm’s earlier proposal. That is as it pertains to using the CME BTC futures market for surveillance sharing.
It might be worth noting that Bitwise is one of many financial firms that the SEC continues to delay when it comes to considering their spot Bitcoin BTC ETF applications.
If anything, the SEC has disapproved several similar applications which, according to the agency, simply do not satisfy regulatory requirements.
Bitwise Submits Detailed Arguments that SEC’s Argument Are ‘Untrue’
In its amended application, Bitwise has attempted to engage the SEC on its view that there is an ‘inconclusive’ academic record on the relationship between BTC futures and
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