Matt Hougan, chief investment officer of Bitwise, said in a post that fraud and bad actors in the crypto industry will decrease significantly in the next four years as David Sacks, the AI and cryptocurrency "czar" appointed by Trump, pushes forward with sound regulatory policies. Hougan believes that the previous law enforcement-oriented regulatory approach has instead increased investor risk. Previously, Sacks said that the Digital Asset Working Group will work to develop market structure norms...
According to the official website of the Delaware State Department, Bitwise has submitted documents to Delaware to apply for registration of the Bitwise Dogecoin ETF. The establishment time is January 22, 2025, and the registration agency is CSC DELAWARE TRUST COMPANY. James Seyffart, ETF analyst at Bloomberg, said: "Note: this is just a trust registration, still not an official ETF filing with the SEC. At least not yet."
Matt Hougan, chief investment officer at Bitwise, said in a social media post that "the U.S. plan to build a strategic reserve of bitcoin has not been priced by the market. It's not even close."
Bitwise CEO Hunter Horsley said in an X post that he has just provided some information to a country inquiring about a bitcoin ETF that is considering moving some foreign currency government bond investments into bitcoin.
The Securities Exchange Commission has postponed the decision on the Bitwise 10 Crypto Index Fund ETF until March 3, 2025.
Osprey Funds, an investment management firm that is seeking to convert its Osprey Bitcoin Trust (OBTC) into an ETF following the termination of the Bitwise acquisition, said in a statement on January 14 that it would file a Form S-1 with a registration statement with the SEC "as soon as possible". According to the OBTC, the fund currently tracks the price of bitcoin without holding actual assets, with an AUM of $181 million.
Following the termination of the Bitwise acquisition deal, investment management firm Osprey Funds has announced plans to convert its Osprey Bitcoin Trust (OBTC) into an exchange-traded fund (ETF). In a statement on Jan. 14, the company said it would file a Form S-1 with the Securities Exchange Commission containing the registration statement "as soon as possible."
According to a public regulatory filing, the SEC has delayed the decision to apply for the conversion of the Bitwise 10 Crypto Index Fund (BITW) into an ETF until late July. This means that it will still take longer for the Bitwise ETF to be approved. In addition, Bloomberg ETF analyst James Seyffart pointed out that the next deadline for the grey release's GDLC is February 2. Delays are also expected.