Bitwise submits report to SEC, says market is ready for Bitcoin ETF

posted 11 months ago
The SEC published data they received from crypto index fund provider Bitwise. The Bitwise report data argues there is now a sound foundation for a fully regulated Bitcoin ETF in the US due to 3 key factors.

1. The Bitcoin spot market has become efficient.
2. Bitcoin custody has become fully institutional.
3. The regulated futures market has become significant.

Bitwise currently has an application pending for its Bitcoin ETF Trust. If approved (deadline of October 14th), it would trade on the New York Stock Exchange and would become the United States' first fully regulated Bitcoin exchange-traded fund.
Tags: bitcoin, news