Bitwise has officially submitted a proposal to the U.S. Securities and Exchange Commission (SEC) on November 28th, aiming for approval to launch an Exchange-Traded Fund (ETF) connected with their 10 cryptocurrency index.
This ETF is seen as potentially transformative by providing diversified exposure to multiple cryptocurrencies while mitigating direct risks involved in crypto investments.
If approved, it could offer institutional and retail investors a new and regulated avenue for investing in the burgeoning cryptocurrency market, aligning with growing demands for diversified and secure investment products within this field.
