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The Holy Grail for crypto enthusiasts has been a pure-play exchange-traded fund investing in crypto. It doesn’t seem that we’re any closer to getting one, at least before the end of 2021. Gary Gensler, as the new chairman of the Securities and Exchange Commission, seems intent on ensuring that investor protections are in place for moving forward, and rightfully so.
But MarketWatch caught up with Matt Hougan, chief investment officer of Bitwise Asset Management, formerly the chief executive officer of ETF.com, whose new fund may hold some appeal for those pining for a bitcoin ETF. One selling point, is that the fund may retain its attraction even if a bitcoin ETF eventually emerges.
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Weekly ETF moves
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