ETF Series Solutions plans to soon launch the Bitwise Bitcoin Strategy ETF, making the firm the latest issuer aiming to use the futures market to give investors crypto exposure. ETF Series Solutions has submitted paperwork to the U.S. Securities Exchange Commission to create the fund, joining Galaxy Digital, VanEck, Valkyrie, Invesco and ProShares in planning a so-called Bitcoin strategy ETFs. Such funds aim to invest in Bitcoin futures because regulators don't as of yet allow ETFs to directly hold cryptocurrencies like Bitcoin (BTC-USD). However, one difference about the new fund vs. its competitors is that according to the ETF's prospectus, the portfolio will “invest in pooled investment vehicles and Canadian-listed funds that provide exposure to Bitcoin.” The ETF will also be actively managed. However, ETF Series Solutions has yet to disclose what the fund's expense ratio will be. Bitcoin (BTC-USD) price action: +2.65% on Wednesday’s trading session and +64.22% year-to-date. In other ETF news, First Trust Exchange Traded Fund has filed to create
