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Bitwise applies for ‘actual’ Bitcoin ETF with NYSE Arca By Cointelegraph

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© Reuters.

Bitwise Asset Management applied to the U.S. Securities and Exchange Commission for a new exchange-traded fund almost two years ago.

Bitwise chief investment officer Matt Hougan announces that his investment firm will now be available on Twitter, Oct. 14. Follow upBitcoinBTC) ETF with NYSE Arca that holds “actual BTC,” and not derivatives or other indirect exposure to cryptocurrencies. According to Hougan, the Bitwise team has spent more than two years analyzing the firm’s ability to “surveil and enforce” any attempts at manipulation and concluded that the Chicago Mercantile Exchange, or CME, is a “regulated market of significant size” for the crypto market.