🏛 Bitwise files with the US SEC for a physically held Bitcoin ETF

Crypto index fund provider Bitwise Asset Management has applied with the U.S. Securities and Exchange Commission (SEC)to offer a new Bitcoin ($BTC) ETF. According to the registration filing, the product plans to track the Bitwise Bitcoin Total Return Index, which tracks BTC prices across multiple exchanges. Bitwise would require physical Bitcoin to be held with regulated third-party custodians.