Bitwise Withdraws Bitcoin ETF Proposal from SEC Registration

Bitwise Withdraws Bitcoin ETF Proposal from SEC’s Registration

Crypto asset manager Bitwise has filed to withdraw a proposal to the Securities and Exchange Commission (SEC) to list a physically-backed Bitcoin investment vehicle on NYSE Arca. A proposed rule change would have allowed Bitwise to list and trade Bitwise Bitcoin ETF Trust, which would be based on an index that draws data from large crypto exchanges.