Bitwise, a leading cryptocurrency asset manager, has resubmitted paperwork to begin trading a Bitcoin futures exchange-traded fund (ETF). By way of a Cayman Islands-incorporated wholly-owned subsidiary, the proposed fund would make solely Bitcoin futures contract investments, according to a Securities and Exchange Commission (SEC) filing on Nov.23.

As a result of the high price tag and complexity of the proposed product, Bitwise withdrew its application back in November 2021. The initial proposal submission happened back in September last year.