Even after the Securities and Exchange Commission denied applications for two other bitcoin-based exchange traded funds, the third one isn’t giving up, amid the latest run-up in bitcoin prices sparked by a new investment wave in the sector. The Bitcoin Investment Trust, sponsored by the firm Grayscale Investments LLC, filed an amended Form S-1 on […]
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 .