Over a year after the first Bitcoin futures ETF went live in the States, Bitwise has filed to launch its own such product.
Similar to the previously approved ETFs in the US, this one would not hold the asset directly. Instead, it would offer managed exposure to BTC futures contracts on the Chicago Mercantile Exchange as well as investments in short-term debt securities. The first Bitcoin futures ETF was approved by the US Securities and Exchange Commission in October last year andA few more such ETFs hit the market in the following months. However, the market condition was entirely different back then.
Source: Digital Coin News (digitalcoinnews.net)
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