Related: VanEck Addresses SEC Concerns on Bitcoin ETF

On Tuesday, Bitwise Asset Management, the investment firm that pioneered the first privately-offered cryptocurrency index fund, said it filed plans with the Securities and Exchange Commission to possibly launch the Bitwise HOLD 10 Index Cryptocurrency Fund. That is latest sign of growing momentum for bitcoin ETFs and widely seen as a positive for prices of the digital currencies.

“Not only that, but everyone also believes that the regulatory clarity that is expected in the next few months might bring BTC back to its peak, and return its price of $20,000 per coin. The new development is also expected to attract new institutional investors, even those who were purposefully hesitant to join the crypto trend up to this point,” according to Global Coin Report.

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