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Wednesday

19 February 2020

U.S.: Bitwise Asset Management Withdraws Bitcoin ETF Application With SEC

U.S.: Bitwise Asset Management Withdraws Bitcoin ETF Application With SEC


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In what comes as a major jolt to the long-standing dream of the cryptocurrency community of a BTC ETF, major crypto-asset firm Bitwise has withdrawn its application filed with the U.S.

Subsequently, in October 2019, the SEC rejected Bitwise’s ambitious application for a Bitcoin ETF stating that cryptocurrencies are still very much susceptible to forged trading and market manipulation.

BTCManager reported in September 2019 how the CboE had withdrawn the application for VanEck SolidX Bitcoin ETF – a move that surprised the cryptocurrency community across the world.

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