Bitwise launches a ‘Crypto ETF’ With Bitcoin Exposure – Should You Buy?
Last Updated: 13 May 2021
Bitwise has launched an ETF to give exposure to digital assets. The ETF will invest in public companies that deal in blockchain and the crypto sector.
Bitwise Asset Management is one of the first crypto firms in the US to launch an exchange-traded fund (ETF). The US Securities and Exchange Commission (SEC) has been reluctant to approve ETFs that make direct investments in crypto.
The new ETF fromBitwise will be known as the BITQ and will invest in the shares of public limited companies participating in Bitcoin and the entire crypto sector.
Bitwise Files with US SEC to Launch New Crypto Innovators ETF
Feb 9 2021 · 09:10 UTC | Updated
Feb 9 2021 · 09:18 by Bhushan Akolkar · 2 min read
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The Bitwise Crypto Innovators ETF will track crypto companies dealing with digital currency products and services. It won’t have any direct investment in digital currencies or through any derivatives.
One of the world’s largest cryptocurrency asset managers Bitwise has recently filed a new prospectus with the US Securities and Exchange Commission (SEC) for a new exchange-traded-fund (ETF) that tracks the performance of crypto innovators.
The Bitwise Crypto Innovators ETF will track the performance of the companies in the Bitwise Crypto Innovators Index. The fund manager filed the form N1-A with the SEC last week on February 5, disclosing its intent for the new ETF. The Crypto Innovators fund will track the performance of crypto companies like exchanges,