Bitcoin index fund provider Bitwise applies to regulators to disclose Bitcoin fund shares
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According to Blockbeats, on February 3, Bitcoin index fund provider Bitwise Asset Management is seeking approval from regulators to enable it to publicly trade shares of the Bitcoin fund in the over-the-counter (OTC) market. The company has filed 211 bitcoin fund applications with the U.S. Financial Industry Regulatory Authority (FINRA), according to a press release published on Tuesday. The company plans to have its fund’s shares trade publicly on New York’s OTCQX market in an effort to compete with bitcoin investment vehicles such as Greyscale Investments and Galaxy Digital. Fidelity Investments will oversee custody of the fund’s bitcoin assets. |
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