Bitwise Asset Management has made significant updates to its application for a Bitcoin Exchange-Traded Fund (ETF) in its ongoing pursuit to introduce a regulated and transparent Bitcoin ETF. The company has addressed and countered the eight disagreements raised by the SEC in its rejection of previous ETF applications. These include concerns about reliance on traditional price discovery criteria and the frequency of analysis. Bitwise justifies its choices and argues for the importance of the CME bitcoin futures market for price discovery. The company’s commitment to bringing a Bitcoin ETF to the market is evident in its revisions to the application.
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