Bitwise to File BTC ETF Application at NYSE Arca

Bitwise Bitcoin ETF is going to be based on an index that aggregates data from large and trustworthy trading platforms
11 January 2019   492

Bitwise Cryptocurrency Fund submitted a Form S1 application to launch Bitcoin-ETF to the US Securities and Exchange Commission (SEC). The company plans to place its shares on the NYSE Arca Stock Exchange.

Note that, according to the statement, Bitwise Bitcoin ETF will be based on an index that aggregates data from large and trustworthy trading platforms. Bitwise also intends to delegate the storage of bitcoins, which will underlie the shares to the regulated custodian, which should convince the SEC of the reliability of the enterprise.

The SEC has asked thoughtful and relevant questions about the quality of the crypto trading ecosystem, the reliability of crypto pricing, the strength of the arbitrage function in crypto and the robustness of crypto custody. We have spent the past year researching these questions and look forward to discussing those findings with the SEC staff in connection with the filing and listing application.
 

Matt Hougan

Global Head of Research, Bitwise

It is worth adding that the company is applying for the launch of Bitcoin-ETF for the second time. In the summer, Bitwise submitted the relevant documentation to the exchange-based fund based on the HOLD 10 index, which is focused on the ten most liquid cryptocurrencies.

Franck Muller to Create Encrypto Bitcoin Watch

A limited line of watches (up to 500 units of male and female models) priced from $ 10 to $ 60 thousand
23 May 2019   82

The Swiss luxury watch maker Franck Muller, in partnership with the cryptocurrency trading platform Regal Assets, launched Encrypto, the world's first functional bitcoin watch. This is reported by the Coindesk.

The main feature of Encrypto will be the possibility of "deep storage" of Bitcoin. So, along with the watch, customers will receive a USB wallet containing a private key to the wallet, the public key is applied to the watch face.

A limited line of watches (up to 500 units of male and female models) priced from $ 10 to $ 60 thousand is also available in the online store of Franck Muller, as well as in the company store in Dubai. Along with traditional credit card and bank transfer, you can buy them for Bitcoins.

The company also reported that they are considering the possibility of issuing such watches with the support of other leading cryptocurrencies, including Ethereum and XRP.

In the beginning of the year it became known that the Swiss watch manufacturer A. Favre & Fils is developing a handmade mechanical watch with a built-in cryptocurrency wallet.