SEC Rejects Bitwise’s Latest Bitcoin ETF Proposal
The SEC has rejected Bitwise's proposal for a bitcoin ETF.
Noelle Acheson warns of the consolidating power of crypto custodians, and the influence this could have on asset prices.
Bitwise's bitcoin ETF has been pulled, but the firm said it plans to refile at a later date.
Bitwise is hoping to draw a retail market for its Bitwise 10 Index Fund, which it intends to list on a regulated alternative trading system later this year.
More than half of financial advisors are too spooked by regulatory uncertainty to initiate or expand their cryptocurrency investments, a new study by Bitwise Asset Management found.
The agency’s five commissioners will review a staff decision to reject the rule-change proposal for a bitcoin ETF made last month.