2 years ago
WisdomTree has submitted a filing done which it intends to summation support from the U.S. Securities and Exchange Commission for a spot Bitcoin exchange-traded money (ETF).
WisdomTree describes its projected concern vehicle, named WisdomTree Bitcoin Trust, arsenic an ETF that would beryllium listed connected the Cboe BZX speech nether the ticker statement BTCW, according to the June 20 filing.
WisdomTree’s ETF — oregon immoderate different Bitcoin spot ETF — would let organization investors to summation vulnerability to the worth of Bitcoin without investing successful the cryptocurrency directly.
Prior application
WisdomTree submitted a precise akin ETF exertion in 2021. CboeBXZ aboriginal filed a projected regularisation alteration successful January 2022 successful enactment of WisdomTree.
The SEC rejected that regularisation alteration successful October 2022, arsenic it took contented with insufficient surveillance-sharing agreements and protections against marketplace manipulation.
Filing follows BlackRock
WisdomTree’s latest filing comes conscionable days aft plus absorption elephantine BlackRock submitted its ETF application.
Though BlackRock’s exertion is not yet approved, immoderate are optimistic astir the company’s quality to supply a satisfactory surveillance-sharing statement and the company’s past grounds of ETF approvals.
Bitwise besides applied for a Bitcoin spot ETF aft BlackRock. Some rumors suggest that Fidelity is readying a Bitcoin spot ETF, though those rumors are unverified.
The SEC has not yet approved immoderate Bitcoin spot ETF successful the U.S.
The station WisdomTree submits caller filing for spot Bitcoin ETF appeared archetypal connected CryptoSlate.
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