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Bitwise Asset Management, a provider of cryptocurrency index funds, is seeking regulatory approval that would enable it to publicly trade shares of its bitcoin fund on an over-the-counter (OTC) marketplace. The company has filed a 211 form with the U.S.'s Financial Industry Regulatory Authority (FINRA) for the Bitwise Bitcoin Fund. Aiming to compete with the likes of Grayscale Investments, the firm plans shares of its fund to be publicly traded on the New York-based OTCQX marketplace. Fidelity Investments would oversee the custodianship of the fund's bitcoin assets. The fund will offer a 1.5% expense ratio, which is lower than Grayscale's Bitcoin Trust (GBTC) at 2.0%.

The US SEC said it would hold off on making a decision on the Bitwise ETF proposal filed with NYSE Arca.

Swiss-based fintech firm Amun AG has released plans to launch a new exchange-traded product (ETP) that will use the Bitwise 10 Select Large Cap Crypto Index as a benchmark. This is the fifth ETP the Swiss SIX Exchange has permitted.

Compared with Bitwise, which released a follow-up fake volume report in May 2019, Alameda thinks more crypto volume is real. For large exchanges like OKEx and Huobi, which were founded in China, Alameda estimates about 70% of their transactions are authentic. Bitwise is much more skeptical, as is the Blockchain Transparency Institute, which has estimated that more than 60% of Huobi's volume is fake and more than 90% of OKEx's volume is fabricated.

The U.S. SEC is reviewing its order issued last week pertaining to a rejected proposal for a bitcoin ETF. The proposal was filed by NYSE Arca for the Bitwise Bitcoin ETF Trust. Meanwhile, the SEC is also evaluating a proposed rule change for a different type of bitcoin ETF.

Bitwise Asset Management has withdrawn its application with the US SEC for its proposed bitcoin exchange-traded fund. The San Francisco firm requested the withdrawal in a filing posted with the SEC on Tuesday, while NYSE Arca - the ETF's sponsor - has also withdrawn the associated 19b-4 filing for the fund.

Trading in Bitwise Asset Management's 10 Crypto Index Fund is live. It tracks the 10 largest crypto-assets and allows investors to buy shares that represent them. It is billed as the first publicly traded crypto index fund in the United States. The Fund debuted with $120 million in assets under management. 75% of the assets are Bitcoin, 13% in Ether and the remaining 12% split between XRP, Litecoin, Chainlink, Tezos, Bitcoin Cash, Stellar, and EOS.

The US Securities and Exchange Commission (SEC ) has delayed decisions on physical (spot) Bitcoin exchange-traded fund (ETF) proposals from Bitwise and Grayscale until February 1 and February 6, respectively. The applications were originally filed on October 14 and 19, 2020, respectively. The SEC has been approving Bitcoin futures ETFs (ProShares and Valkyrie's Bitcoin Strategy ETFs in October, 2020) but it has continued to maintain a hard stance on physical crypto ETFs (it denied the approval of VanEck's physical Bitcoin ETF in November 2020, and WisdomTree's in early December). The SEC is concerned that the spot Bitcoin market is prone to fraud, manipulation and abuse, whereas Bitcoin futures trade on highly regulated exchanges.

The US SEC has rejected a proposal to list the Bitwise Asset Management and NYSE Arcaa Bitcoin exchange-traded fund, because they did not meet the necessary requirements regarding possible market manipulation and illicit activities.

The U.S. SEC is reviewing its decision to reject the application for a Bitcoin ETF that was submitted by Bitwise Asset Management and NYSE Arca earlier this year.

Bitwise research has found evidence that around 95% of all Bitcoin trading volume has been faked by exchanges. Data from 71 of 81 exchanges exhibited patterns that reflected artificial trading volume.

The U.S. SEC has again delayed making a decision on three bitcoin exchange-traded fund proposals. The ETFs were proposed earlier this year by asset managers Bitwise Asset Management, VanEck/SolidX and Wilshire Phoenix, and filed with exchanges NYSE Arca and Cboe BZX.

As Bitcoin rocketed above $23,000 for the first time this week, the mania pushed the price of the Bitwise 10 Crypto Index Fund as much as 650% above the value of its holdings and is currently trading near 350%, according to data compiled by Bloomberg. Meanwhile, the premium on the Grayscale Bitcoin Trust swelled to 34% amid the rally. For those investors looking for access to Bitcoin but who are reluctant or unsure how to get direct exposure, the ease of buying products like BITW or GBTC through a brokerage platform trumps the extra cost.

Purpose Bitcoin ETF, North America's first Bitcoin exchange-traded fund (ETF), got off to a stellar start in its debut on the Toronto Stock Exchange, with investors exchanging $165 million worth of shares. "The U.S. currently has several active filings for a Bitcoin ETF, including the ones from VanEck Associates and Bitwise Asset Management, but the price swings notorious in cryptocurrenies and allegations of industry manipulation remain hurdles to regulator approval."

SEC delays decision on spot bitcoin ETF proposals The U.S. Securities and Exchange Commission (SEC) will delay its decision on several proposals for spot bitcoin exchange-traded funds (ETFs). The affected applicants were BlackRock, Invesco, Bitwise, and Valkyrie. It was originally arranged for October 16-19. The delay may have something to do with the looming threat of a government shutdown in the United States.

"Investment giant VanEck has filed a new application for a spot bitcoin ETF with the Securities and Exchange Commission (SEC). VanEck's filing for its VanEck Bitcoin Trust comes just eight months after the SEC rejected its previous application and just a day after it denied the spot bitcoin ETF applications of Grayscale Investments and Bitwise. "

The U.S. Securities and Exchange Commission (SEC) approved the listing and trading of eleven spot bitcoin exchange-traded funds (ETFs). The eleven issuers are Bitwise, Grayscale, Hashdex, BlackRock, Valkyrie, BZX, Invesco, VanEck, WisdomTree, Fidelity and Franklin. Alongside the omnibus approval order, the SEC published a speech by Chair Gary Gensler that included a warning that "while we approved the listing and trading of certain spot bitcoin [ETFs] today, we did not approve or endorse bitcoin. Investors should remain cautious about the myriad risks associated with bitcoin and products whose value is tied to crypto."

The U.S. Securities and Exchange Commission (SEC) has approved the spot Ethereum (ETH) exchange-traded fund (ETF) 19b-4 filings from VanEck, BlackRock, Fidelity, Grayscale, Franklin Templeton, ARK 21Shares, Invesco Galaxy, and Bitwise. This will allow the spot ETH ETFs to be listed and traded on their respective exchanges, but the SEC still needs to sign off on their corresponding S-1 registration statements for trading to officially begin, and this could take months. This process differs from that followed in the January 2024 spot Bitcoin (BTC) ETF approval process in which both the 19b-4 and S-1 filings were approved almost simultaneously.