Bitwise Asset Management, the cryptocurrency asset manager that has been awaiting approval for a bitcoin exchange-traded fund (ETF), has once again tried to convince the U.S. Securities and Exchange Commission (SEC) on the product.
In a new presentation, delivered to three SEC Commissioners – Hester Peirce, Robert Jackson Jr., and Elad Roisman, Bitwise said that the bitcoin spot market has “materially improved” and become “efficient” in the past two years.