Bitwise executives: Bitcoin ETF application will be resubmitted in due course

According to The Block, Matt Hougan, director of global research at Bitwise, said on “Bitwise withdraws Bitcoin ETF application”: “We did withdraw the application. This is a procedural step and we intend to resubmit the application in due course.” Hougan added The company said it is currently working to answer questions raised by the SEC in its 112-page preliminary document. Bitwise will still work on the development of the Bitcoin ETF, but the timing of the reapplication has not been determined.