Crypto News 

Bitwise Taps BNY Mellon As Transfer Agent for Its Bitcoin ETF

“Bitwise has tapped Bank of New York Mellon to serve as the administrator and transfer agent for its proposed bitcoin exchange-traded fund (ETF)” reports coindesk.com. The company filed an amendment to its Bitwise Bitcoin ETF S-1 form on Wednesday, listing BNY Mellon as the administrator and ETF custodian, Foreside Fund Services as the 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.In other words, the trust would be taxed similarly to the underlying asset – bitcoin – and therefore be taxed as property.Bitwise filed for the ETF with NYSE Arca in January 2019, hoping to provide the first such fund to U.S. customers.
 
Source: coindesk.com



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