• Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News
    chaotic bitcoin trading scene

    Bitcoin Experiences $4,000 Drop, Triggering $300M Liquidation

    financial chaos crypto storm

    Bitcoin’s Sudden Drop Triggers $300M Crypto Liquidations

    michael saylor bitcoin forecast

    Michael Saylor Predicts Bitcoin’s 30% Annual Growth for 20 Years

    michael saylor bitcoin meeting

    Michael Saylor Projects 30% Bitcoin Growth Over 20 Years

    michael saylor bitcoin lecture

    Michael Saylor Projects 30% Annual Bitcoin Growth

    powell gazes at bitcoin art

    Jerome Powell Labels Bitcoin a Digital Gold Competitor

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar
    futuristic wall street ethereum

    Peter Thiel Backs Ethereum for Wall Street Integration

    peter thiel ethereum visionary art

    Peter Thiel Invests Heavily in Ethereum for Wall Street Expansion

    futuristic ethereum cityscape

    Peter Thiel Invests in Ethereum for Wall Street Infrastructure

    peter thiel ethereum investment

    Peter Thiel Bets on Ethereum for Wall Street Use

    layerzero stargate merger artwork

    LayerZero Acquires Stargate Finance in $120M Deal

    ethereum investor reflective art

    Ethereum Investor Loses $1.54M in EIP-7702 Scam

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Benefits Of Choosing the Right AI Trading Bot

    4 Benefits Of Choosing the Right AI Trading Bot

    Crypto Trading

    A Beginner’s Guide to Crypto Trading: Unlocking the World of Digital Coins

    BitcoinGames.com

    BitcoinGames.com Introduces the Ultimate Casino Gaming Experience with Bitcoin

    How AI is Helping Athletes and Fans Get the Most out of the Game

    From Training to Judging, AI is Entering the Ring

    Top 5 Websites for Buying Gift Cards with Crypto

    Clutch Savours – Gift Certificates You Can Buy with Crypto

    Layer 2 Blockchains

    Everything You Need To Know About Layer 2 Blockchains

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

New ETF Proposed by Bitwise for Top Ten Cryptos

Anca F. by Anca F.
July 27, 2018
in Finance & Blockchain, Latest News
piggy 2889044 1920

The Bitwise startup, known for its HOLD 10 Cryptocurrency Index Fund, has stated that it is pursuing regulatory authorization to go forth with the launch of an Exchange Traded Fund which focuses on the top ten cryptos by market cap.

The firm has stated that its ETF proposition will allow the tracking of returns based on its HOLD 10 Index that “captures approximately 80 [percent] of the total market capitalization of the cryptocurrency market”.

The fund which will be named the Bitwise HOLD 10 Cryptocurrency Index Fund ETF would employ “a 5-year-diluted market cap and other eligibility criteria meant to address challenges of the crypto space such as continuously changing supply, liquidity, trade volume concentration, and custody limitations.”

Bitwise has publicized that it has filed a registration statement with the US Securities and Exchange Commission (SEC), but for the time being, no approval has been given.

John Hyland, Bitwise’s Global Head of Exchange-Traded Products said with regards to the fund that:

“We are aware that other investment firms have filed for cryptocurrency ETFs under the Securities Act of 1933, and that there continues to be interest in filing under the Investment Company Act of 1940. As best we know, all of these funds plan to offer exposure to a single coin such as bitcoin or ether. That is fine, but our proposed offering is obviously different”.

Hyland continued with the following:

“We know that the current crypto ETF filings have generated a great deal of discussion and analysis within the SEC about this emerging asset class, and the SEC and its staff, to their credit, have asked for public comment on a wide range of issues relating to these products. We expect the staff of the SEC has had ongoing discussions with the investment firms making the crypto filings to date, and we look forward to having our own discussions with the SEC about the nature of our proposed offering.”

In recent events, the SEC announced its attempt to delay its verdict on several ETFs proposed by Direxion until September this year.

Tags: Bitwisecrypto fundcryptocurrency fundetfexchange trade fundHOLD10 cryptocurrency index fundsectop cryptos
Previous Post

New Petro-Backed Venezuelan Currency to Start Circulating in August

Next Post

QIWI’s CTO Once Mined and Owned 500,000 Bitcoins Before Losing All of Them

Anca F.

Anca F.

Related Posts

tokenization financial district art

RWA Tokenization Market Projected to Hit $16 Trillion by 2030

by Solomon M.
August 25, 2025

RWA tokenization market to potentially reach $16 trillion by 2030, driven by institutional adoption and regulatory changes.

futuristic financial growth art

RWA Tokenization Market May Reach $16 Trillion by 2030

by Solomon M.
August 25, 2025

RWA tokenization predicted to grow significantly, reaching up to $16 trillion by 2030.

futuristic jp morgan cityscape

RWA Tokenization Market Forecast to Hit $16 Trillion by 2030

by Solomon M.
August 25, 2025

Boston Consulting Group predicts RWA tokenization market will exceed $16 trillion by 2030, involving major financial institutions like J.P. Morgan.

pavel durov portrait oil painting

Telegram’s Durov Criticizes French Investigation as Politically Motivated

by Adriana M.
August 25, 2025

Telegram CEO Pavel Durov condemns French government's investigation as politically driven. No market impact reported.

thoughtful businessman cityscape

Telegram’s Pavel Durov Challenges French Government’s Legal Actions

by Joshua T.
August 25, 2025

Telegram CEO Pavel Durov criticizes French legal proceedings over alleged platform misuse, citing lack of evidence.

pavel durov professional painting

Pavel Durov Criticizes French Investigation as Baseless

by Solomon M.
August 25, 2025

Pavel Durov addresses ongoing investigation, claiming no wrongdoing in case linked to Telegram.

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Crypto Betting
1xBit.com
Top Rated Exchanges
Binance Exchange

Bityard.com
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.