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Bitwise, one of the world’s largest cryptocurrency fund managers, has filed a new prospectus with the United States Securities and Exchange Commission, or SEC, to launch an exchange-traded fund for so-called ‘crypto-innovators’ ‘.

The fund manager archived Form N-1A with the securities regulator on Feb. 5, where it outlined its intention to offer the Bitwise Crypto Innovators ETF. The proposed ETF will track the performance of the Bitwise Crypto Innovators Index.

The proposed Index will mainly consist of companies that derive more than 75% of their revenues from the crypto sector or have more than 75% of their net worth in cryptocurrency. The rest include large-cap companies that have a “dedicated business initiative” focused on crypto.

According to the prospectus, crypto-innovators include digital trading platforms, custodians and wallets; financial services providers using crypto assets or blockchain technology; financial institutions serving clients involved in the digital assets; and blockchain infrastructure service providers.

The document states:

“The term” Crypto Innovators “generally refers to companies that provide services and conduct transactions in the segment of the economy that deals with crypto assets and distributed ledger technology.”

Notably, the proposed ETF will not invest in crypto assets directly or through derivatives. The fund will also avoid all initial coin offering transactions.

Bitwise has been at the forefront of the crypto ETF debate for years. The fund manager will be in January 2020 have long-standing Bitcoin ETF application suspended, after a similar move by VanEck. Bitwise told Cointelegraph at the time that it plans to resubmit the application “at an appropriate time.”

That time could draw closer as more institutions jump on board the Bitcoin train. The digital asset had been in rally mode for months thanks to a new wave of corporate and institutional buyers. On Monday, Tesla confirmed that it had allocated much of its balance to BTC, and became perhaps the most controversial buyer in history.