Categories: News

Swiss Asset Manager Pando Files For Bitcoin ETF With SEC

Key Points:

  • Pando Asset AG has filed for a spot Bitcoin ETF with the SEC, aiming to list it on the Cboe BZX Exchange with Coinbase as the custodian.
  • Pando Asset offers exchange-traded products for leading cryptocurrencies on the SIX Swiss Exchange.
Swiss ETP provider Pando files for Bitcoin ETF with the SEC, partnering with Coinbase as custodian. Despite excitement, some pioneers express caution about market entry. Potential investments of up to $3 billion.
Swiss Asset Manager Pando Files For Bitcoin ETF With SEC

Pando Asset AG, a Swiss asset manager, has filed for a spot Bitcoin ETF with the Securities and Exchange Commission (SEC). If approved, the Pando Asset Spot Bitcoin Trust would be listed on the Cboe BZX Exchange, with Coinbase serving as the custodian. The filing mentions the use of CME’s CF Bitcoin Reference Rate for bitcoin pricing. Pando Asset already offers exchange-traded products for leading cryptocurrencies on the SIX Swiss Exchange.

Pando Files For Bitcoin ETF

Pando Asset, headquartered in Switzerland, was founded by a team of industry experts in finance, blockchain technology, and the crypto asset space. Notable partners of Pando Asset include Huobi Group, 21 Shares AG, and Deutsche Boerse AG. The company has formed a partnership with Coinbase, the largest crypto asset custodian, and operates with full collateralization.Despite the growing excitement around spot bitcoin ETFs, some cryptocurrency ETF pioneers are hesitant to enter the market, citing concerns about competition, high regulatory and marketing costs, and potential lack of demand. According to Reuters, while demand for a bitcoin ETF is expected to be high, with potential investments of up to $3 billion in the first few days of trading, some established names in the blockchain and cryptocurrency space are cautious about rushing into the market. Their skepticism suggests that the hype over a spot bitcoin ETF may be misplaced and that the profitability of such products could be uncertain for some issuers.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Thana

I am a news editor at Coincu, where I produce daily editorial packages and manage the knowledge and review article sections. Before journalism, I earned a Bachelor's degree in Global Logistics and Supply Chain Management from Northampton University and studied news journalism at Press Association Training.

Recent Posts

Qubetics Presale Price Surge Approaches: The Best Coins to Invest in Right Now While Toncoin, and XRP Gain Traction

Discover why Qubetics, Toncoin, and XRP are the best coins to invest in right now.…

11 minutes ago

Book of Meme Old News? This Best Meme Coin to Invest in 2024 Is Multiplying Gains Like a Champ

Over the years, meme coins have evolved from inside jokes into serious investment opportunities.

1 hour ago

Time’s Ticking on BlockDAG’s 5-Tier Bonus- Few Days Left to Grab It While Cardano Whales Take Action, Aave Rallies Strong

Discover BlockDAG's five-tier bonus program's closing phases that enhance buyer holdings. Gain insights on the…

2 hours ago

Best Altcoins to Buy for 2025: Qubetics Presale Surge, Solana’s Lightning Speed, and Cardano’s Blockchain Revolution

Discover why Qubetics, Solana, and Cardano are redefining the crypto landscape. Learn about milestones, price…

2 hours ago

Why Qubetics, NEAR Protocol, and IMX Are Dominating Crypto: The Best Altcoins to Join Today for Game-Changing Returns 

Discover why Qubetics, NEAR Protocol, and Immutable X are the best altcoins to join today,…

4 hours ago

Bonk’s ICO Was Just the Start: Why BTFD Coin’s Stage 7 Price Rollback Is Your Second Shot at Crypto Glory

BTFD Coin is offering a chance to relive the glory days of meme coin investing,…

5 hours ago

This website uses cookies.