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19 September 2021

Bitwise Files for Bitcoin Futures ETF - Decrypt

Bitwise Files for Bitcoin Futures ETF - Decrypt


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Crypto asset manager Bitwise is seeking to launch an exchange-traded fund (ETF) tied to cash-settled Bitcoin futures contracts, adding its name to a growing list of hopefuls for this type of investment vehicle.

Instead, the fund seeks β€œto obtain exposure to Bitcoin primarily through indirect investments in standardized, cash-settled Bitcoin futures contracts traded on commodity exchanges registered with the CFTC.”.

Canada is one of the countries where investors already have exposure to the benchmark cryptocurrency through ETFs tied to physical Bitcoin, with Purpose Bitcoin ETF, Evolve Bitcoin ETF, and CI Galaxy all trading on the Toronto Stock Exchange.

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