A major problem with bitcoin ETFs, as far as the SEC is concerned, is the potential for bitcoin thefts. Over the digital currency’s history, exchanges and individual users have been victimized by nefarious hackers that steal investors’ assets, something that does not happen with traditional securities, including ETFs.
Last week, Bitwise Asset Management, a leading provider of cryptoasset index and beta funds, revealed plans for a bitcoin ETF that would track the firm’s Bitwise Bitcoin Total Return Index.
Bitwise has spent over a year addressing and researching the SEC’s concerns surrounding bitcoin ETFs and is poised to address those concerns with regulators.
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