BITWISE BITCOIN ETF APPROVE
New ETF on the horizon for BITCOIN, Bitwise Asset Management has announce that their Bitcoin ETF Proposal was filed with US Security and Exchange Comission.
So many ETF has been delayed or decline due to many fears more anything else, this is the reason why Bitwise is going to attack from every possible angle so US SEC has no other option than to approve their ETF, this ETF is backed by Bitcoin meaning Bitwise needs to have Bitcoin. Bitwise Annoucement: “The proposed ETF differs from previously filed proposed Bitcoin ETFs in that it will rely on regulated third party custodians to hold its physical bitcoin, and in that the index draws prices from a large number of cryptocurrency exchanges, representing the majority of currently verifiable Bitcoin trading.” Key points for this ETF- Eliminating exchanges that are domiciled in emerging market countries
- Eliminating exchanges domiciled in countries that have capital controls
- Eliminating exchanges that do not charge fees for trading, either explicitly or through “trade mining” activities where an exchange provides an off-setting rebate to the client for the trades
- Eliminating exchanges that lack functioning and stable Application Programing Interfaces (APIs) for the transmission of price and volume data
- Eliminating exchanges which, in the judgment of the Index Provider, have issues with significant downtime, problems with customers withdrawal abilities, or known security issues
- Eliminating exchanges which, in the judgement of the Index Provider, are or may be subject to extraordinary legal or regulatory activity
- Eliminating exchanges that do not account for at least 0.1% of the trailing 30-day Average Daily Volume among all exchanges that charge transaction fees
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Good Luck, Thanks
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etf not approve money time , one try to bitwise proposal
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