Bitwise Cryptocurrency ETF Next in Line to Challenge SEC approval

Bitwise Cryptocurrency ETF Next in Line to Challenge SEC approval: A cryptocurrency ETF could be closer to launch than ever! For those investors who’ve patiently been waiting for an Exchange-Traded Fund, or an ETF that tracks cryptocurrencies, it is exciting to know that crypto asset management, Bitwise, has filed for one.

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The San Francisco-based company is joining a growing number of financial services providers looking to launch the first ETF for cryptocurrencies. Bitwise filed with the U.S. Securities and Exchange Commission on Tuesday for an exchange-traded fund that would track a basket of 10 cryptocurrencies, including bitcoin.

The news could be one of the reasons behind the current cryptocurrency market surge, which got Bitcoin to surpass the $8,000 psychological level and break above the daily Ichimoku cloud.

The Bitwise ETF will track the returns of its market-cap-weighted index of the 10 largest cryptocurrencies, called the HOLD 10 Index. They are looking to serve both retail and institutional investors. Other than Bitcoin, the HOLD 10 Index currently includes ethereum, XRP, bitcoin cash, lumens, Litecoin, dash, Zcash, Monero, and Ethereum classic.

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Although this could be an exciting news, it is important to remember that the SEC has not yet approved a cryptocurrency-based ETF. Back in 2017, the SEC rejected an application for a bitcoin-based investment vehicle by Cameron and Tyler Winklevoss, founders of the cryptocurrency exchange Gemini. In June 2018 the SEC sought public comments on an application by the CBOE for a bitcoin-based ETF, which got overwhelmingly positive comments.

But still, we’ve got no crypto ETF to bank on. Let’s cross our fingers for one of these companies to win the crypto-ETF race.

Don’t forget to complete your risk management due-diligence before developing your investment strategy.

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That is why this blog exists. There is a lot happening behind the scenes with CrowdStrike. Some of it is obvious. Some of it is quiet. Some of it could shape the future of the stock in bigger ways than the headlines show.

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Its playbook, centered on innovation, scale, and ecosystem control, has turned the company into one of the most valuable and influential forces in tech history. But as investors cheer its meteoric rise, the question now looms: is Nvidia reaching new heights of sustainable growth, or is it flying too close to the sun?

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Beyond Meat Stock (BYND) $900 Million Debt Deal News: Lifeline Or Last Gasp Before Collapse?

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Ferrari Stock (RACE) Plunged Hard. Is It A Short-Term Drop Or A Long-Term Decline?

Ferrari. A name that evokes speed, luxury, and precision.
But lately, its stock has been running into some rough turns.

After hitting record highs earlier this year, Ferrari’s share price took a sharp dive following its Capital Markets Day. Investors were caught off guard. Expectations were sky-high, and the company’s updated targets didn’t quite match the market’s adrenaline.

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