The global custodian would custody ETF shares and provide fund accounting if the ETF approved by the SEC.
A subsidiary of a firm overseeing more than $230 billion in assets will work with Galaxy Digital on what could be the third bitcoin ETF in Canada.
The Canadian fund has experienced a flurry of demand but in the U.S. a bitcoin ETF is an unrealized desire.
Bitcoin set a new high above $50,000 after erratic trading earlier this week, though options markets are not anticipating a drawdown anytime soon.
"The flood of demand has to be satisfied" for the SEC to feel comfortable with a bitcoin ETF, said Wood.
So far, the SEC has considered many applications for bitcoin-based ETFs and rejected them all.
Michael Saylor announced plans to offer convertible bonds with the express intent to buy BTC. The community reacts.
SEC Chairman Jay Clayton expressed an openness to a tokenized exchange-traded fund.
WisdomTree is seeking to launch an exchange-traded fund that invests in part in the growing bitcoin futures market.
Bitwise is hoping to draw a retail market for its Bitwise 10 Index Fund, which it intends to list on a regulated alternative trading system later this year.
Bitwise's bitcoin ETF has been pulled, but the firm said it plans to refile at a later date.
There is “work left to be done” to address the SEC's concerns about bitcoin ETFs, its chairman said weeks before the deadline to approve or reject two proposals.
A little-noticed regulatory filing sheds light on the bitcoin ETF proposed by Bitwise and NYSE Arca.
The bitcoin ETF proposal was pulled due to the government shutdown, VanEck CEO Jan van Eck said Wednesday.
Cboe has withdrawn its hoped-for bitcoin ETF proposal, which faced a final deadline of Feb. 27 for approval.