Crypto asset management company Bitwise launches crypto listing fund’s OTC Markets listing process

Crypto asset management company Bitwise is launching the listing process of its crypto index funds in the OTCQX section of the OTC Markets. Bitwise stated that the listing process for the Bitwise Crypto Index Fund has been conducted at OTCQX in accordance with Alternative Reporting Standards regulated by the US Securities and Exchange Commission (SEC). Bitwise CEO Hunter Horsley said the company will be submitting an application form to the Financial Industry Regulatory Authority (FINRA) and approval is expected in the second half of this year. Bitwise’s crypto index funds include BTC, ETH, XRP, BCH, LTC, EOS, XTZ, XLM, ADA, and ETC 10 cryptocurrencies. Lianwen previously reported that Bitwise submitted an application to withdraw the Bitcoin ETF to the SEC in January this year. Hunter Horsley confirms that Bitwise will continue to apply for and launch the Bitcoin ETF, and hopes that the Bitcoin ETF and the Bitwise Crypto Index Fund can be listed at the same time as another option for investors. OTC Markets is a quotation system established by the American Securities Dealers Association (NASD) for small companies that cannot meet the listing requirements of the three major U.S. stock exchanges. It takes 6 to 8 weeks to go through the listing process and does not need to go through the SEC registration process, but the required information disclosure documents must be submitted to the SEC.