Key Points:
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 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.
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.
George Town, Grand Cayman, 22nd November 2024, Chainwire
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