Asset management company WisdomTree has once again submitted an application for a spot Bitcoin ETF

2023-06-21 08:21:04

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According to ChainCatcher, as reported by Bitcoin Magazine, New York-based asset management firm WisdomTree submitted another application for a spot Bitcoin ETF on June 20, seeking approval to launch the WisdomTree Bitcoin Trust, which will be listed on the Cboe BZX Exchange. This application was filed following BlackRock's recent application for a spot Bitcoin ETF.

Although the name suggests a trust, both WisdomTree's filing and BlackRock's filing function as spot ETFs.

In the submitted documents, WisdomTree outlined their investment objective, which is to gain exposure to Bitcoin prices while considering the expenses and liabilities associated with ETF operations. WisdomTree intends to value these funds daily based on the CF Bitcoin U.S. Settlement Price, which aggregates trading volume from major Bitcoin spot exchanges.

Previous news reported that on June 16, BlackRock submitted an application for a spot Bitcoin ETF. (Source link)

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