Bitwise Asset Management, one of the latest firms attempting to present a Bitcoin exchange-traded fund (ETF), has made the case that BTC trading is actually quite well-regulated. The exorbitant volumes are misreported and are a technological challenge, while in fact, dollar-based markets for BTC remain relatively small and compliant.
In a report to the US Securities and Exchange Commission, Bitwise presented the case for an ETF based on a rather small and well-regulated BTC market.
Bitwise sees the relevant markets for ...