Finance

Bitwise Asset Management has announced its plan to launch “the first publicly-offered cryptocurrency index exchange-traded fund (ETF).” A registration statement has been filed with the U.S. Securities and Exchange Commission.
Japan Confirms Entrance Into the Crypto Space
Bitwise to Launch Crypto Index ETF
Bitwise Asset Management announced Tuesday that it has filed a registration statement for “the first publicly-offered cryptocurrency index exchange-traded fund (ETF).”
The San Francisco-based company already manages “the world’s first privately-offered cryptocurrency index fund, the Bitwise Hold 10 Private Index Fund,” it described.
It aims to track the returns of Bitwise’s Hold 10 Index, a market-cap-weighted index of the 10 largest cryptocurrencies, rebalanced monthly.
He noted that “at that time, we saw the launch of single-commodity ETFs tracking gold, silver, crude oil, and other commodities, as well as ETFs tracking diversified commodity index baskets.
We see a lot of similarities here.”
What do you think of Bitwise’s proposed crypto index ETF?

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

250 +