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Bitwise To Launch Bitcoin Futures ETF

As cryptocurrency continues to go through ups and downs of uncertainty Bitwise is looking to launch a new fund Bitcoin futures ETF. In a recent filing Bitwise shows plans to launch the Bitcoin Strategy Optimum Yield ETF (BITC) which will offer exposure to Bitcoin futures contracts that trade on the CME. BITC also plans to offer exposure to short-term debt securities.

ETF Newz Says:

Bitwise was quoted stating that BITC will not hold Bitcoin directly as the SEC has not approved them yet.