#BitwiseBitcoinETF The Bitwise Bitcoin ETF refers to a proposed exchange-traded fund (ETF) focused on Bitcoin. Bitwise Asset Management is a firm that has been actively pursuing the approval of such an ETF, which would provide a way for investors to gain exposure to Bitcoin without directly buying or storing the cryptocurrency.

The Bitwise Bitcoin ETF would track the price of Bitcoin, allowing investors to trade shares on traditional stock exchanges. This would provide a more familiar and regulated environment for Bitcoin exposure, compared to directly purchasing Bitcoin on cryptocurrency exchanges.

Bitwise has submitted several proposals to the U.S. Securities and Exchange Commission (SEC), aiming to create a Bitcoin ETF that directly holds Bitcoin. These proposals have faced delays and rejections, primarily due to concerns over market manipulation and the lack of regulation in the cryptocurrency market.

The ETF would likely be appealing to institutional investors, as it would provide an easier way to access Bitcoin within the existing framework of traditional financial products. As of now, the Bitwise Bitcoin ETF has not yet been approved, but it remains one of the notable proposals in the push for a Bitcoin-backed ETF.