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Bitwise Bitcoin ETF Trust hires service providers, including BNY Mellon

Bitwise Bitcoin ETF Trust has appointed several service providers for its proposed bitcoin exchange-traded fund (ETF) offering, including Bank of New York (BNY) Mellon. BNY Mellon will serve as the Trust’s administrator, transfer agent as well as the proposed ETF’s custodian, according to an amended…

Bitcoin ETF: How SEC Exemptions Help Firms Offer Interim Products

There are several exemptions the U.S. Securities and Exchange Commission (SEC) offers that allow companies to launch their bitcoin investment products without registration. While waiting for the SEC to approve their bitcoin ETF, some firms have taken advantage of these exemptions to offer an interim…

Data Firm: Just 17 Percent of Reported Bitcoin Volume Is Trustworthy

Nomics, a cryptocurrency data and analytics firm backed by Coinbase Ventures, has launched “Transparent Volume,” a service which will provide a new means of reporting trading volumes across cryptocurrency exchanges. Just 17 Percent of Reported Bitcoin Volume Is Trustworthy According to the firm, the product…

Bitcoin ETFs Will Either Launch Or Die This October, SEC Confirms

The US Securities and Exchange Commission (SEC) must approve or disapprove at least two Bitcoin exchange-traded funds (ETFs) this October. 2-Month Countdown To Bitcoin ETF Decision In filings released August 12, the SEC chose to postpone final judgement on three ETFs it is currently considering.…

Bitwise, Amun launch a new crypto ETP on Swiss stock exchange

Cryptocurrency asset manager Bitwise and Swiss fintech company Amun AG have launched a new exchange-traded product (ETP) on Switzerland’s top stock exchange SIX, and it promises to offer diversified liquid exposure to the nascent digital market.  Bitwise has licensed “The Bitwise 10 Select Large Cap…

Huobi discourages wash trading, plans to update its policies

Huobi Global claims the company does not take part in wash trading, CoinDesk writes. The company has reviewed its systems in response to Bitwise’s report regarding wash trading performed by cryptocurrency exchanges. According to spokesperson speaking for Huobi Global CEO Livio Weng, Huobi “is not…

Bitcoin Market Efficient But Small, BTC Bulls Aiming At $10,000

Bitcoin adds 10.7 percent in 24 hours Bitwise says Bitcoin spot and arbitrage markets more efficient For the first time this year, Bitcoin is trading above $8,500 as bulls take charge. In line with prevailing sentiment and candlestick arrangement, it is likely that BTC will…