- Bitwise deposit for its very first spot near ETF to bring an exhibition to the Token to traditional investors.
- If the request is approved, nearly will be more suitable for investors who hesitate to the direct investments of the blockchain.
In the worldThe first and largest crypto index fund manager in the world, submitted an S-1 request to Form S-1 to the American Securities Commission and the Exchange for a place close to the Stock Exchange Fund.
On May 6, the fund manager placed closely, a layer-1 blockchain, on the list of cryptocurrencies requiring approval of the FNB. The cryptography market is now looking for a diversified exposure to cryptography thanks to regulated financial products.
Bitwise target CLOSE ETF must reflect the price movement of the nearby token and reduce the associated costs. He will also focus on the supply of investors a way to have an exhibition without directly holding the token.
According to the recording declaration, Coinbase Custoda will act as a guardian of the fund, ensuring that there is a secure storage of close tokens. At the same time, information, including management fees, the Ticker symbol and the exchange of targets, have not yet been revealed.
The growing demand for FNB approval
The FNB will also be made available on traditional brokerage houses so that traditional investors can also take advantage of taking it out. Many asset managers have requested ETF from the SEC and await their approval, and Bitwise has also joined the waiting list.
The waiting list includes other active managers such as Blackrock and Grayscale. The Bitwise FNB will take its asset value;
The fund structure allows creation and redemption processes and ensures liquidity for investors. By providing a regulated vehicle, Bitwise has a target to fill the gap between traditional finance and the increasing cryptographic ecosystem.
If the request is approved, nearly will be more suitable for investors who hesitate to the direct investments of the blockchain. Altcoin ETF's approval demand increases more day, and has also contributed to this.
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