Bitwise Updates the Bitcoin ETF Application!
Bitwise, a cryptocurrency investment firm, has updated its spot Bitcoin ETF application to address the eight concerns raised by the US Securities and Exchange Commission (SEC) in its previous application. The company hopes that by directly addressing these concerns, the SEC will be more likely to approve the ETF. Bitwise’s spot Bitcoin ETF would allow investors to gain exposure to Bitcoin without the need to buy, store, or manage it themselves. The SEC has yet to approve any Bitcoin ETFs in the US, despite numerous applications.