Crypto Asset Manager Kryptoin Re-Files for a Bitcoin ETF 

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Earlier last week, Delaware-based investment advisory firm Kryptoin refiled for a Bitcoin exchange-traded fund (ETF) with the U.S. Securities Exchange Commission. The asset management firm filed its first ETF application back in 2019 without much success. However, as institutional interest continues to ramp up and other nations greenlight crypto-based financial products, the likelihood of approval appears to be high. Kryptoin Among Eight Other Firms to File for Bitcoin-based Exchange Traded Funds The recent mainstream emergence of the cryptocurrency space has led to major asset managers scrambling to gain market share. Among Kryptoin, major names such as Fidelity, Wisdomtree, and NYDIG have also filed for Bitcoin-based ETFs. Recently, GrayScale has also hinted towards transitioning their Grayscale Bitcoin Trust (GBTC) into an ETF in hopes to keep up with the competition. If approved, the “Kryptoin Bitcoin ETF Trust” will be listed on the CBOE BZX Exchange rather than the New York Stock…

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