The SECGov is asking BitwiseInvest to provide clarity on its spot bitcoin ETP proposal. mikeybellusci reports.
Bitwise Chief Investment Officer Matt Hougan
The SEC has asked Bitwise to clarify how the investment firm will prevent share manipulation, fraud and other potential issues in its proposed spot bitcoin ETF, according toThe agency also flagged its concerns about the Bitwise Bitcoin ETP Trust's liquidity and transparency and requested more color on the “suitability” of bitcoin as the underlying asset for the fund.Over the past two months, the agency has rejected applications from WisdomTree, Krypton, SkyBridge and Fidelity.
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