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.
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