Bitwise Taps BNY Mellon as Transfer Agent for Proposed Bitcoin ETF

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Bitwise has tapped the Bank of New York Mellon to serve as the administrator and transfer agent for its proposed bitcoin exchange-traded fund (ETF).The company filed an amendment to its Bitwise Bitcoin ETF S1 form on Wednesday, listing BNY Mellon as its administrator and ETF custodian, Foreside Fund Services as its marketing agent and Cohen & Co. as an auditor. The company has not yet named a bitcoin custodian for the trust its ETF would be built on top of.Bitwise chief operating officer Teddy Fusaro told CoinDesk that “an ETF’s service providers play a critical behind the scenes role in supporting any fund,” adding:BNY Mellon has taken an active role in the cryptocurrency space, particularly in recent months. The bank has partnered with Bakkt, the Intercontinental Exchange (ICE) subsidiary warehousing ICE’s bitcoin futures contracts, to provide “geographically-distributed” private key storage, and was more recently tapped to act as the administrator…

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