Express
Bitwise Bitcoin Fund Files For Public Trading With Lower Expense Ratio
Summary: Bitwise Asset Management, the crypto asset management company has filed Form 211 to the Financial Industry Regulatory Agency (FINRA) to get approved for public trading of its Bitcoin fund, according to PR Newswire. The Bitwise Bitcoin Fund is set to trade on the OTCQX market. According to the announcement, the fund seeks to provide investors with a ...
Bitwise Asset Management, the crypto asset management company has filed Form 211 to the Financial Industry Regulatory Agency (FINRA) to get approved for public trading of its Bitcoin fund, according to PR Newswire.
The Bitwise Bitcoin Fund is set to trade on the OTCQX market. According to the announcement, the fund seeks to provide investors with a new and low-cost investment option with an expense ratio of 1.5%, which is 0.5% lower than Grayscale's GBTC.
If approved, the Bitwise Bitcoin Fund will become the second public-traded fund after the company successfully applied for the Bitwise 10 Crypto Index Fund last December.
By Mary Liu
Tags: Bitcoin,Bitwise,Bitwise 10 Crypto Index Fund,Bitwise Bitcoin Fund,FINRA,GBTC,Grayscale,OTCQX
Link: Bitwise Bitcoin Fund Files For Public Trading With Lower Expense Ratio [Copy]
