Asset management company WisdomTree has filed a revised application (S-1 filing) with the SEC for the “WisdomTree Bitcoin Trust (BTCW)” ETF.
WisdomTree It has joined asset management companies in submitting a revised spot Bitcoin exchange-traded fund (ETF) application to the U.S. Securities and Exchange Commission (SEC). About subject in the statement Bloomberg’s senior ETF analyst James Seyffartinterpreted the development as a positive step.
The submission of the updated application is a matter of mutual agreement between the SEC and WisdomTree. negotiations continue did Describing it as follows, Seyffart stated that this is part of the process:
This means WisdomTree is still planning to launch an ETF and is in talks with the SEC’s corporate finance division. All issuers were expected to file one of these at some point to potentially launch their ETFs. Just one step in the process. There is nothing critical.
Another name speaking about WisdomTree’s ETF update is Bloomberg ETF analyst Eric Balchunas. happened. Balchunas said that the update in question it took long enough While stating that he implied that the SEC should not expect all filings to be updated:
Updates took too long. Please tell me the SEC won’t wait for all S-1s to be updated by issuing a second round of comments.
These filing changes made by companies to find middle ground with the SEC The process continues in a healthy way It is important to the point. The positive response of these revision procedures to the applications can accelerate is considered. Since the SEC has not yet approved any spot Bitcoin ETFs, there is no exemplary file and companies may need to make further revisions in the process.
In the past period BlackRock, Arc Invest And Fidelity Finance giants such as have also updated their spot Bitcoin ETF applications and submitted them to the SEC. The SEC continues to review a series of spot Bitcoin and Ethereum ETF applications.