WisdomTree Now Submits Revised Spot Bitcoin ETF Filling To Seek SEC’s Approval

Key Points:

• WisdomTree has submitted a revised spot Bitcoin ETF filling to the SEC and is in discussions for its launch.
• WisdomTree aims to provide Bitcoin price exposure through its Bitcoin Trust listed on the Cboe BZX Exchange.

WisdomTree has submitted a revised spot Bitcoin ETF filling to the SEC, indicating their plans to launch the ETF and ongoing discussions with the SEC. – Bloomberg ETF analyst James Seyffart.

Bloomberg ETF analyst James Seyffart has reported that asset management company WisdomTree has submitted a revised spot Bitcoin ETF prospectus (S-1 filing) to the U.S. SEC. This indicates that WisdomTree is still planning to launch a spot Bitcoin ETF and is currently in discussions with the SEC.

On June 21, 2023, CoinCu reported that New York-based major asset management firm WisdomTree has applied for approval to launch the WisdomTree Bitcoin Trust, which will be listed on the Cboe BZX Exchange.

WisdomTree’s Revised Spot Bitcoin ETF Filling Submission

In the filing, WisdomTree outlined its investment goal of providing Bitcoin price exposure while considering the associated fees and liabilities of ETF operations. The company intends to price these funds daily based on the US Bitcoin CF settlement price, which aggregates trading flows from major Bitcoin spot exchanges.

On October 12, 2022, CoinCu reported that the Securities and Exchange Commission (SEC) denied approval for the WisdomTree Bitcoin Trust due to insufficient investor protection.

According to Bloomberg ETF analyst James Seyffart, there are currently 11 spot Bitcoin ETF applications being reviewed by the SEC. If GBTC conversion ETF applications are included, the total number increases to 12. This discrepancy highlights the growing interest in Bitcoin-related investment products.

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