WisdomTree wijzigt zijn Spot Bitcoin ETF-applicatie

• WisdomTree named Coinbase Custody Trust as the custodian of the trust’s bitcoin.
• Verschillende analisten verwachten dat de SEC nog meer vertraging zal veroorzaken voordat zij uiteindelijk haar goedkeuring zal geven.

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WisdomTree, an exchange-traded fund (ETF) provider, has submitted an amended Form S-1 spot Bitcoin ETF prospectus to the United States Securities and Exchange Commission (SEC). As per the filing, the WisdomTree Bitcoin Trust would trade on the CBOE BZX Exchange under the symbol BTCW. In addition, the filing named Coinbase Custody Trust as the custodian of the trust’s bitcoin.

WisdomTree, dat ongeveer $97 miljard beheert, introduceerde eerder dit jaar WisdomTree Prime, een mobiele applicatie die de handel in digitale activa zoals ether en bitcoin vergemakkelijkt. Bovendien ondersteunt de app tokenized trading van fysieke items zoals goud op de gedecentraliseerde Stellar-beurs.

Bovendien voert WisdomTree lopende gesprekken met de SEC, maar de indienen reflects the asset manager’s plans to launch a Bitcoin ETF in the US. WisdomTree is one of a total of twelve that are vying for clearance to launch a Bitcoin ETF.

Commenting on the situation, Bloomberg ETF analyst James Seyffart wrote on X that “all issuers were expected to have to file one of these to potentially launch their ETF at some point. Just a step in the process. Nothing critical.”

This just means wisdomtree is still planning to launch an ETF and are in talks with the SEC’s corp fin division. All issuers were expected to have to file one of these in order to potentially launch their ETF at some point. Just a step in the process. Nothing critical.

— James Seyffart (@JSeyff) 16 november 2023

Seyffart also claimed that out of 12 U.S. corporations that file S-1 forms with the SEC, only two spot Bitcoin ETF filers—Franklin Templeton and Global X—have not yet amended their files.

De SEC heeft het nemen van een besluit over voorgestelde bitcoin exchange-traded funds (ETF’s) van WisdomTree, VanEck en Fidelity Investments een paar maanden geleden uitgesteld. WisdomTree en tien andere aanvragers wijzigde de documenten nadat de toezichthouder alle aanvragers om nieuwe informatie had gevraagd.

Several ETF specialists predict that the SEC will soon cause more delays in providing conclusions about the impending deadlines. However, Bloomberg’s Seyffart believes that there is a 90% chance that the SEC will approve a spot Bitcoin ETF before the end of January 2024, notwithstanding the delays.

Interessant genoeg had Mike Belshe, CEO van BitGo, goed en slecht nieuws voor Bitcoin-enthousiastelingen die wachtten op de SEC om een spot Bitcoin ETF goed te keuren. Belshe beweert dat signalen uit lopende gesprekken met de SEC opmerkelijke vooruitgang laten zien.

However, Belshe added, “I think it’s quite likely we have another round of ETF rejections before we get the positive news.” Belshe highlighted the SEC’s position on the division of custody and exchange responsibilities, which has been a source of disagreement in a number of Coinbase custody-related applications.

Other crypto experts, such as Steven Schoenfield, a former managing director of BlackRock, believe that a Bitcoin ETF would likely be approved in three to six months. He noted that the SEC’s recent requests for public comments were a positive indication of engagement rather than plain denials.

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