Crypto index fund Bitwise has announced it has filled an an initial registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) relating to a new proposed physically held bitcoin exchange-traded fund (ETF).
Bitwise Asset Management launched the very first crypto index fund back in 2017 by Hunter Horsley.
The announcement states, the proposed model of Bitcoin ETF would track the Bitwise Bitcoin Total Return Index, "seeking to capture the full value of an investment in bitcoin," inclusive of meaningful hard forks.
Global Head of Exchange-Traded Funds for Bitwise, John Hyland, says they are optimistic that 2019 should be the year "that a bitcoin ETF launches."
Earlier, Bitwise filed an application to the SEC to list crypto ETF’s under the product name of: "Bitwise HOLD 10 Cryptocurrency Index Fund."
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