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International Business Times

Business

Nica Osorio

Bitwise Reveals Crucial Spot Bitcoin ETF Amendment That Beats BlackRock's

Bitwise BlackRock Bitcoin Eric Balchunas ETF SEC AP

The global values of cryptocurrencies including Bitcoin have massively fluctuated over the past year partly due to Chinese regulations (Credit: AFP / Yuri CORTEZ)

KEY POINTS

Bitwise plans to seed its Bitcoin ETF, which is 20x larger than that of BlackRock
The crypto asset manager has not yet named its authorized participant
ETF analyst Balchunas previously said issuers will have to to explicitly authorize participant parameters in S-1 Form

San Francisco-based crypto asset manager Bitwise has revealed a crucial spot Bitcoin exchange-traded fund (ETF) amendment that bested BlackRock's proposal.

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One subscription that gives you access to news from hundreds of sites

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