The ETF would buy and dispose of blockchain-based carbon credit tokens to account for the emissions associated with its bitcoin holdings.
SEC staff intend to determine whether the "bitcoin futures market could accommodate ETFs," the note said.
The SEC is currently evaluating VanEck's bitcoin ETF proposal.
New SEC filings reveal NYDIG has been picked for SkyBridge's pending bitcoin ETF application.
Liquidity concerns in bitcoin markets are overblown. They're not a reason to reject bitcoin exchange-traded funds.
The SEC has yet to approve any bitcoin ETFs in the U.S.
The SEC is already reviewing three ETF applications.
The U.S. regulator is now weighing three different bitcoin ETF bids.
If it succeeds, Bitwise would join Grayscale as the only crypto fund issuers to register their products as a public reporting company.
3iQ has received regulatory clearance for the dual listing of its bitcoin ETF on Nasdaq Dubai.
A trio of ether ETFs were approved by Canadian regulators last week.
Crypto startup DCX Capital will apply to convert its crypto index fund EC10 into an ETF.
The investment comes a little over a week after Grayscale confirmed that it would convert GBTC into an ETF.
Coinbase's listing on Nasdaq sends a powerful signal of legitimacy to the U.S. crypto community, as well as to the crypto-curious in the traditional financial sector.
It's one of several such applications before the U.S. Securities and Exchange Commission.