The U.S. Securities and Exchange Commission (SEC) is pushing out its review of proposals by Grayscale and Bitwise for their spot bitcoin exchange-traded funds (ETFs) by 45 days, according to filings around both products. Grayscale is owned by Digital Currency Group, which is the parent company of CoinDesk. Source link … [Read more...] about SEC Delays Decision on Grayscale and Bitwise Spot Bitcoin ETFs
Bitwise
Bitwise launches NFT index fund for accredited investors
In an effort to democratize access to nonfungible tokens, art collections and other digital assets of value for the masses, Bitwise Asset Management launched its new index fund on Dec. 16.As per the announcement, the Bitwise Blue-Chip NFT Index Fund is designed to allow accredited investors to invest in major nonfungible tokens and art collections. The NFT industry has exploded … [Read more...] about Bitwise launches NFT index fund for accredited investors
Bitwise CIO ‘not so sure’ about Bitcoin hitting $100K in 2021
As 2022 draws closer, some cryptocurrency investment experts are now doubtful on whether Bitcoin (BTC) has enough time to hit $100,000 in 2021.Following a major flash crash in the cryptocurrency market, Bitcoin is unlikely to break new all-time highs in the next three weeks and go all the way up to $100,000, according to Bitwise’s chief investment officer Matt Hougan.“$100,000 … [Read more...] about Bitwise CIO ‘not so sure’ about Bitcoin hitting $100K in 2021
Bitwise Launches Polygon Fund for Ethereum-Scaling Exposure
“For years, the excitement around crypto’s most promising use cases, including DeFi [decentralized finance] and NFTs [non-fungible tokens], has been muted by the fact that Ethereum simply isn’t built to handle it all yet,” Matt Hougan, Bitwise’s chief investment officer, said in a statement. Hougan sees Polygon as a platform to improve these issues. Source link … [Read more...] about Bitwise Launches Polygon Fund for Ethereum-Scaling Exposure
Bitwise Withdraws Bitcoin Futures ETF Filing, Citing Cost, Complexity
Bitwise Asset Management has withdrawn the application for its Bitcoin Futures exchange traded fund (ETF) citing what it said are the cost and complexity of such ETFs and that the company will instead focus its efforts on its spot Bitcoin ETF filing already in the pipeline. Source link … [Read more...] about Bitwise Withdraws Bitcoin Futures ETF Filing, Citing Cost, Complexity