WisdomTree, a global ETF provider, has filed an amended S-1 form with the SEC for a spot Bitcoin ETF. This comes after the company refiled its application in June 2023, proposing a rule change to list and trade shares of the WisdomTree Bitcoin Trust on the BZX Exchange. The updated prospectus reveals that the ETF will trade under the ticker symbol BTCW and will be custodied by Coinbase Custody Trust. Bloomberg ETF analyst James Seyffart believes that this filing indicates WisdomTree’s continued plans to launch an ETF and ongoing discussions with the SEC. However, Eric Balchunas of Bloomberg expresses concern over the time it took for WisdomTree to amend their filing and hopes that the SEC won’t delay the process further. Out of the 12 firms that have filed for a spot Bitcoin ETF, only two, Franklin Templeton and Global X, have yet to amend their S-1 filings. Seyffart expects the SEC to announce further delays on decisions regarding upcoming deadlines. Despite the delays, Seyffart maintains his belief that there is a 90% likelihood of the SEC approving a spot Bitcoin ETF by the end of January 2024.

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Information	Details
Geography	North America
Countries	🇺🇸
Sentiment	neutral
Relevance Score	1
People	Eric Balchunas, James Seyffart
Companies	United States Securities and Exchange Commission (SEC), Bloomberg, Hashdex, Chicago Board Options Exchange (CBOE), Global X., Franklin Templeton, WisdomTree, Coinbase Custody Trust, BZX Exchange
Currencies	Bitcoin
Securities	None