The US company WisdomTree has filed another application with the US Securities and Exchange Commission (SEC) to launch an exchange-traded fund (ETF) for bitcoin.
According to the application, the shares of WisdomTree Bitcoin Trust are planned to be placed on the site of the Chicago Mercantile Exchange (CBOE) bZx under the ticker BTCW. The fund’s share price will correspond to the bitcoin exchange rate, and the CME CF Bitcoin US Settlement Price index will be used to track the exchange rate.
The custodial service for storing assets is not yet called, but the Delaware Trust Company will become the trustee. Also, the CBOE exchange must submit its application for a change in the rules in order to list the shares of the WisdomTree bitcoin ETF, but so far the exchange has not done so.
Recall that at the end of December 2020, a similar application was submitted by VanEck, and in February, representatives of the CBOE addressed the SEC with a statement about their readiness to list shares of the ETF for bitcoin, if the corresponding application is approved.
Earlier, the Canadian regulator approved several ETFs for bitcoin. Many hope that this decision will also affect the SEC’s policy in relation to such products.