Bitwise Submits Proposal for First Cryptocurrency Index Fund ETP Featuring BITW to SEC

On November 15, COINOTAG reported that Bitwise has filed a 19b-4 form with the U.S. Securities and Exchange Commission (SEC), paving the way for the introduction of the Bitwise 10 Crypto Index Fund (BITW) as a proposed Exchange-Traded Product (ETP). This strategic move, facilitated through the New York Stock Exchange Arca, Inc. (NYSE Arca), highlights Bitwise’s commitment to enhancing cryptocurrency investment opportunities for mainstream investors. Launched in November 2017, the Bitwise 10 Crypto Index Fund has established itself as the pioneering cryptocurrency index fund worldwide, enabling investors to gain broad exposure to the digital asset landscape. With this new filing, Bitwise aims to capitalize on the burgeoning interest in cryptocurrency as a legitimate asset class while adhering to regulatory compliance.