
The US Securities Paper and Beef Commission (SEC) of Participants agreed to the adoption of the new ETF, which would invest in one year in the largest cryptocurrency bitcoin and ether for the launch of items, reports Bloomberg.
Bitwise Asset Management proposed Bitcoin and Ethereum ETF is developed there, to allow investors to invest in bitcoin and ether at one time in accordance with their market capitalisation.
Media group Bloomberg notes that this is the first of two steps to make the ETF available for investors.
Bitwise the push to establish the fund started in November of last year , when it was known, that Donald Trump would be the next U.S. president , who during the election campaign announced his broad favour for the cryptocurrency industry. Bloomberg emphasises that investment companies have now “flooded the SEC with requests to approving new activities in the cryptocurrency market.
“They check SEC limits, seeking approval for unusual ideas, such as ETF for memory cryptocurrencies,” – suggests Bloomberg Intelligence analyst Nathan Dean.
Today bitcoin is priced up three per cent to less than95thousanddollardollars,
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