The Bitcoin exchange Trust , a bitcoin - based exchange traded fund ( ETF ) , has been sponsored by investment firm Grayscale partners for Securities and Exchange Commission approval . The submission included two new provisions : a minimum maximum investment of $ 1bn and the inclusion of authorised securities Credit Suisse , KCG and Wedbush Securities . The provisions represent a bid to gain approval where bitcoin ETFs have failed in the past . ET Investment is a subsidiary of the global Currency Group , a bitcoin - based holding company .
The Bitcoin Investment Trust, a bitcoin-based exchange traded fund (ETF), has been sponsored by investment firm Grayscale Investments for Securities and Exchange Commission approval. The submission included two new provisions: a proposed maximum size of $1bn and the addition of authorised participants Credit Suisse, KCG and Wedbush Securities. The provisions represent a bid to gain approval where bitcoin ETFs have failed in the past. Grayscale Investment is a subsidiary of the Digital Currency Group, a bitcoin-based holding company.