U.S. asset manager aims to list cryptocurrency index fund via @reuters

Reuters reported, “Bitwise Asset Management Inc took steps to bring a cryptocurrency exchange-traded fund to market on Tuesday, reviving a race to list a bitcoin-linked investment in the United States.

“The San Francisco-based company said it has filed with the U.S. Securities and Exchange Commission for a first-of-its-kind U.S.-listed ETF that would track an index including bitcoin and nine other digital currencies.

“Cryptocurrencies have grown to a market capitalization near $300 billion as a rival system for payment and exchange to currencies minted by governments.

“An ETF would open investment to anyone with a brokerage account, including a range of retail and institutional investors who would not trade the currencies directly or even futures contracts based on it.

“’The crypto market is significant,’ said Matt Hougan, global head of research for Bitwise. ‘It’s too big for people to ignore.’”