The post Bitwise Seeks SEC Approval for Innovative Bitcoin Standard Corporations ETF appeared on BitcoinEthereumNews.com.

On December 27, COINOTAG reported that Bitwise has officially filed an application with the U.S. Securities and Exchange Commission (SEC) to launch the “Bitcoin Standard Corporations ETF.” This proposed exchange-traded fund aims to target shares of companies that have embraced the Bitcoin standard and maintain a minimum of 1,000 BTC in their treasury assets. By focusing on firms that adopt Bitcoin as a primary financial strategy, Bitwise intends to create a unique investment vehicle that would allow investors to gain exposure to the financial potential of both cryptocurrency and traditional equities. As the digital asset market continues to evolve, regulatory scrutiny remains critical. This ETF could pave the way for institutional adoption of Bitcoin-centric investment strategies, making it essential for market participants to stay informed about regulatory developments and investor sentiment surrounding cryptocurrency assets. Source: https://en.coinotag.com/breakingnews/bitwise-seeks-sec-approval-for-innovative-bitcoin-standard-corporations-etf/

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Filed under: News - @ December 27, 2024 12:17 am