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WisdomTree files to launch a US bitcoin ETF, joining a growing list of firms seeking SEC approval

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WisdomTree files to launch a US bitcoin ETF, joining a growing list of firms seeking SEC approval

WisdomTree is the latest firm to post filings for a

bitcoin

Early Newspaper

ETF to the US Securities and Exchange Price.

The Unusual York-based exchange traded fund sponsor and asset manager filed an S-1 on Thursday to list the WisdomTree Bitcoin Have faith on the Cboe BZX Exchange.

The ETF aims to present investors with publicity to the value of bitcoin and would trade underneath the ticker image “BTCW.”

WisdomTree’s fund will track the CME CF Bitcoin US Settlement Value, which calculates the bitcoin impress based on trade drift of major bitcoin place exchanges. Delaware Have faith Company is the trustee of the fund and the custodian of the fund has no longer yet been named, according to the submitting.

WidsomTree joins a host of other firms who have applied to the SEC for a bitcoin ETF, in the hopes that Canada’s latest approval of three bitcoin ETFs and crypto’s growing institutional adoption will finally suggested the US regulator to approve a fund.

The SEC is at explain pondering about ETF applications from WisdomTree, NYDIG, VanEck, and Valkyrie Digital Assets. This week, Grayscale Investments, the largest digital currency asset manager, posted nine ETF-related job ads on LinkedIn, in what some say is a mark Grayscale anticipates the SEC to approve a bitcoin ETF rapidly.

Although GrayScale does no longer have an application for a crypto ETF at the 2nd, CEO Michael Sonnenshein told Bloomberg the asset manager is “constantly exploring contemporary opportunities, such as an ETF, in response to user demand.”

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WisdomTree files to launch a US bitcoin ETF, joining a growing list of firms seeking SEC approval