The company announced in a press release on May 12 that the first exchange-traded fund (ETF) with the word "crypto" in its name, the $ 1.5 billion Bitwise Digital Asset Management Fund, has been launched in the United States.
The ETF, called the Crypto Industry Innovators 30 Index, will be on the public listing of cryptocurrency companies such as Coinbase, the largest cryptocurrency exchange in the United States.
Only "pure-play" names with "material activity" in the industry, and at least $ 100 million in assets will be included in this index.
While Bitwise launched the first "crypto" ETF, there are a number of ETFs targeting blockchain and mining companies.
However, the US Securities and Exchange Commission (SEC) has not yet approved an ETF that directly tracks the price of bitcoin, as a growing number of programs continue to generate enthusiasm.
Source:
https://u.today/first-crypto-etf-just-launched-in-the-us