Bitwise Withdraws Long-Standing Bitcoin ETF Application
Cointelegraph By Andrey Shevchenko's original article for cointelegraph.com reduced by 71%
A Jan. 14 form with the United States Securities and Exchange Commission confirms that Bitwise Asset Management requested the withdrawal of its application for a Bitcoin Exchange Traded Fund. Bitwise applied for ETF registration in January 2019.
A Bitcoin ETF would thus enable institutional and retail investors alike to gain direct exposure to the currency - while trading within the bounds of regulated traditional exchanges.
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