Eight companies — including Bitwise, Volatility Shares and ProShares — have in recent days filed applications for exchange-traded funds based on futures for the second-largest digital token.
Elliott’s Unlimited, which focuses on alternative investments, is planning to launch eight exchange-traded funds that aim to replicate the returns of styles such as equity long-short, global macro and low beta.
The US Securities and Exchange Commission needs to come to a conclusion on the Bitwise Bitcoin ETP Trust by Sept. 1, and decisions for applications from BlackRock, VanEck, WisdomTree and Invesco are due just a day later.