Bitwise Revises Bitcoin Exchange-Traded Fund (ETF) Filing

Share post:

Bitwise Asset Management, a leading crypto asset manager based in San Francisco, has made significant revisions to its proposal for a Bitcoin Exchange-Traded Fund (ETF). The move comes after the U.S. Securities and Exchange Commission (SEC) raised concerns about the initial filing.

The primary concern from the SEC was the use of daily data for the ETF’s pricing mechanism. The regulatory body questioned the rationale behind using daily data intervals rather than more frequent intervals, which could provide a more accurate representation of the asset’s value throughout the trading day.

ETF Newz Says:

In response to the SEC’s feedback, Bitwise has updated its proposal to include more frequent data intervals for pricing. The revised proposal aims to provide potential investors with a more accurate and transparent view of the asset’s value, reducing the risk of price manipulation.

Bitwise’s initial proposal for a Bitcoin ETF was one of several submitted to the SEC over the past few years. The regulatory body has been cautious about approving such products due to concerns about market manipulation, liquidity, and investor protection.


Maintain Your Horses! A Space Bitcoin ETF May perhaps well also Already Be Priced into Crypto.

There is a growing belief that the recent price surge in bitcoin could already factor in the potential approval of a spot Bitcoin ETF- a pivotal strategic investment move that holds significant influence in the crypto market. Investors and financial enthusiasts alike are keenly awaiting regulatory approval, a decision that could potentially catalyze the future growth trajectory of bitcoin prices. This speculation underscores not only the potential value that bitcoin holds as a digital asset but also the evolving role of institutional reactiveness in the cryptocurrency landscape.

Tim Draper’s Bold Prediction: Bitcoin (BTC) Price Set to Skyrocket to $250K!

In the world of finance, Bitcoin is increasingly recognized as a transformative force. With the potential to challenge...

Bitcoin ETF: Navigating the Perils of SEC Rejection and Fierce Opposition from Funds

A recent court order has directed the Securities and Exchange Commission (SEC) to reconsider its denial of Grayscale's...

Nike’s Shocking 10% Plunge: Sales Outlook Slashed

Nike, a leading athletic apparel⁢ company, ⁣recently announced plans to reduce costs by $2 ‍billion over the next...