Asset manager WisdomTree has submitted an amended Form S-1 prospectus to the SEC for a spot bitcoin exchange-traded fund (ETF). The proposed WisdomTree Bitcoin Trust would trade on the CBOE BZX Exchange under the ticker BTCW, with Coinbase Custody Trust serving as the custodian. Despite ongoing discussions with the SEC, WisdomTree remains committed to launching a Bitcoin ETF in the US. This filing amendment is a necessary step in the process for all issuers seeking approval for a Bitcoin ETF. The SEC recently delayed decisions on proposed bitcoin ETFs from WisdomTree, VanEck, and Fidelity Investments, requesting updated details from all applicants. WisdomTree and 10 others have amended their filings, while Franklin Templeton and Global X have yet to do so. Earlier this year, WisdomTree launched a mobile app called WisdomTree Prime, allowing trading of crypto assets like bitcoin and ether, as well as tokenized trading of physical assets such as gold on the Stellar decentralized exchange.
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Information |
Details |
Geography |
North America |
Countries |
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Sentiment |
neutral |
Relevance Score |
1 |
People |
James Seyffart |
Companies |
Bloomberg, Stellar, CBOE BZX Exchange, VanEck, WisdomTree, Franklin Templeton, Securities and Exchange Commission (SEC), Fidelity Investments, Global X, Coinbase Custody Trust |
Currencies |
Bitcoin |
Securities |
None |