Bitwise Chief Operating Officer: Bitwise will continue to work on the Bitcoin ETF

According to The Block, at the same time, Bitwise Asset Management, which submitted similar ETF applications on the New York Stock Exchange Arca, was not discouraged by the evacuation of VanEck. Bitwise COO Teddy Fusaro said that historically, the new ETF products will take years to get approval, so we are not surprised by the withdrawal of VanEck's Bitcoin ETF proposal. Bitwise will continue to work on the Bitcoin ETF and will use research to answer all of the substantive issues raised by the Securities and Exchange Commission (SEC) over the years.