Industry Updates

Bitwise appoints BNY Mellon as bitcoin ETF administrator

George Geddes

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Bitwise Asset Management has appointed BNY Mellon to act as the administrator, transfer agent and ETF custodian for its bitcoin ETF, according to a


with the Securities and Exchange Commission (SEC) in the US.

The announcement was an amendment to Bitwise’s filing with the SEC which is still under consideration with the regulator having postponed its verdict on several bitcoin filings in August.

In addition to BNY Mellon appointment, a Delaware trust company has also been assigned as the trustee. A bitcoin custodian is still to be assigned to the trust.

The SEC’s deadline to either approve or reject Bitwise’s filing is 13 October. VanEck and Solid X, who have also filed for a bitcoin ETF, will receive a verdict by 18 October.

VanEck issued shares for a bitcoin ETF-like product earlier this month for institutional investors. This is the company’s bid to grow the adoption of cryptocurrency by institutions while it waits for the first crypto ETF to launch.

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