Competition to launch Bitcoin ETFs is getting intense in the US, with Invesco and WisdomTree filing applications with the SEC for their respective Bitcoin ETFs.
On Tuesday, WisdomTree filed for the WisdomTree Bitcoin Trust, seeking SEC permission to list their funds on the Cboe BZX Exchange under the ticker “BTCW.”
The asset management firm has assets worth $83 billion, and has previously applied for a Bitcoin ETF twice. Its first application was rejected by the SEC in December 2021. Its second application was also rejected in October 2022, with the financial regulator expressing similar concerns regarding fraud and market manipulation.
