Bitwise has submitted a fresh application to launch a Bitcoin futures ETF.
Its proposed fund would engage in Bitcoin futures contracts exclusively through a wholly-owned Cayman Islands subsidiary.
ProShares introduced the first Bitcoin futures ETF in the U.S. last October.
Bitwise, a leading cryptocurrency asset manager, has resubmitted paperwork to begin trading a Bitcoin futures exchange-traded fund (ETF). By way of a Cayman Islands-incorporated wholly-owned subsidiary, the proposed fund would make solely Bitcoin futures contract investments, according to a Securities and Exchange Commission (SEC) filing on Nov.23.
As a result of the high price tag and complexity of the proposed product, Bitwise withdrew its application back in November 2021. The initial proposal submission happened back in September last year.
Bitwise re-files a Bitcoin futures ETF, starting from scratch and with their own ETF trust
Bitwise Bitcoin Strategy Optimum Yield ETF$BITC | fees tba | eff Feb 6
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