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WisdomTree Files Application for Spot Bitcoin ETF Following BlackRock’s Filing
The race for approval to list a spot Bitcoin ETF has gained another major player as WisdomTree, a prominent provider of exchange-traded funds (ETFs), has filed an application seeking approval for the launch of the WisdomTree Bitcoin Trust. This move comes shortly after BlackRock’s application for a spot Bitcoin ETF, highlighting the growing interest and recognition of Bitcoin within the traditional finance sector.
The Rising Interest in Bitcoin ETFs
The filing of applications for spot Bitcoin ETFs by both WisdomTree and BlackRock signifies a significant development in the world of cryptocurrency. These ETFs aim to provide investors with exposure to Bitcoin’s price movements without directly owning the digital asset. As institutional players enter the market, the potential for widespread adoption of Bitcoin and other cryptocurrencies increases.
WisdomTree’s Bitcoin ETF Application
WisdomTree’s application outlines the company’s investment objective, which is to gain exposure to the price of Bitcoin while considering the associated expenses and liabilities. The WisdomTree Bitcoin Trust, if approved, will be listed on the Cboe BZX Exchange. The filing demonstrates WisdomTree’s belief in the…
