WisdomTree amends S-1 form spot Bitcoin ETF filing as crypto awaits SEC decisions - Mon Wellness

WisdomTree amends S-1 form spot Bitcoin ETF filing as crypto awaits SEC decisions

After the latest Form S-1 spot Bitcoin ETF amendment by WisdomTree,

only Franklin Templeton and Global X are yet to amend their S-1 filings.

The global exchange-traded fund (ETF) provider WisdomTree filed an amended Form S-1 spot Bitcoin

tickers down

ETF prospectus with the United States Securities and Exchange Commission (SEC) on Nov. 16.

The update comes a few months after WisdomTree refiled its spot Bitcoin ETF application in June

2023, proposing a rule change to list and trade shares of the WisdomTree Bitcoin Trust on the

BZX Exchange by the Chicago Board Options Exchange (CBOE).

The amended prospectus mentions that the WisdomTree Bitcoin Trust ETF will trade under a

ticker symbol BTCW, with Coinbase Custody Trust serving as the custodian holding all of the trust’s Bitcoin on its behalf.

According to Bloomberg ETF analyst James Seyffart, the updated Form S-1 spot Bitcoin ETF

filing by WisdomTree means that the firm is still planning to launch an ETF and is discussing the

opportunity with the SEC.

“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,” Seyffart wrote on X (formerly Twitter).

Another Bloomberg ETF expert, Eric Balchunas, noticed that WisdomTree took “long enough” to

amend its Form S-1 Bitcoin ETF filing. “Please tell me the SEC isn’t waiting till all S-1s are updated

before issuing a second round of comments,” he added.

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