Today news
About the same in other media
This Is Why Bitwise Withdrew BTC Futures ETF
Reading now: 729
The crypto index fund provider Bitwise Asset Management says it has withdrawn its application for a bitcoin (BTC) futures-backed exchange-traded fund (ETF) in the US, and will instead focus its efforts on getting a spot-based ETF across the finish line.
According to Bitwise’s chief investment officer Matt Hougan, the firm’s proposal for a futures-based ETF was withdrawn because of “added complexity” and higher than expected costs associated with such an ETF.
In a Twitter thread on Wednesday, Hougan went into detail on the firm’s decision. He explained that they initially thought the benefits of a futures ETF in terms of convenience and accessibility would outweigh the costs of contango, referring to the phenomenon that longer-dated futures
Read more on cryptonews.comAbout this in other media
VanEck’s Bitcoin spot ETF shunt solidifies SEC’s outlook on crypto cointelegraph.com /2 years ago
Slow Start for Third Bitcoin ETF, Lower Costs Could Attract More Capital cryptonews.com /2 years ago
Third US bitcoin futures ETF launches after weeks-long delay livemint.com /2 years ago
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
