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Bitwise bullish on pure Bitcoin ETF after dropping futures filing
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Bitwise Asset Management has withdrawn its application for a Bitcoin (BTC) futures-based exchange-traded fund (ETF) amid a number of such products launching in the United States.
While dropping its futures-linked ETF, the firm is still bullish on a spot Bitcoin ETF, which is designed to track Bitcoin directly, Bitwise chief investment officer Matt Hougan announced on Nov. 10.
Hougan said that Bitwise’s spot filing remains intact and the firm will continue its efforts to launch such a product in the United States:
The CIO emphasized that the first Bitcoin ETF application that was ever filed was a spot-based ETF by Gemini crypto exchange founders Cameron and Tyler Winklevoss. Filed in 2013, the application was denied by the U.S. Securities and
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