WisdomTree has submitted a filing through which it intends to gain approval from the U.S. Securities and Exchange Commission for a spot Bitcoin exchange-traded fund (ETF).
WisdomTree describes its proposed investment vehicle, named WisdomTree Bitcoin Trust, as an ETF that would be listed on the Cboe BZX exchange under the ticker label BTCW, according to the June 20 filing.
WisdomTree’s ETF — or any other Bitcoin spot ETF — would allow institutional investors to gain exposure to the value of Bitcoin without investing in the cryptocurrency directly.
Prior application
WisdomTree submitted a very similar ETF application in 2021. CboeBXZ later filed a proposed rule change in January 2022 in support of WisdomTree.
The SEC rejected that rule change in October 2022, as it took issue with insufficient surveillance-sharing agreements and protections against market manipulation.
Filing follows BlackRock
WisdomTree’s latest filing comes just days after asset management giant BlackRock subm
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