Bitcoin

Spot

Close on the heels of BlackRock’s spot <a href="https://en.coin-turk.com/nobody-expected-this-the-expected-signal-for-bitcoin-and-altcoins-came-from-binance-ceo-cz/" data-wpel-link="internal">Bitcoin</a> Exchange Traded Fund (ETF) application, another of America’s largest asset managers, WisdomTree Investments, has done the same. The company has applied to the US Securities and Exchange Commission (SEC) for a spot Bitcoin ETF called “WisdomTree Bitcoin Trust”.&nbsp; 
<h2 style="text-align: justify" id="after-blackrock-now-wisdomtree-investments-takes-action">After Blackrock, Now WisdomTree Investments Takes Action</h2> 
WisdomTree Investments, known as an ETF giant with over $90 billion in assets under its management, submitted an application to the SEC for ‘WisdomTree Bitcoin Trust’, an ETF product. This application comes just one week after BlackRock’s spot Bitcoin ETF application.&nbsp; 
Interestingly, mainstream US financial companies started showing interest in cryptocurrencies only two weeks after the biggest two crypto exchanges by market share, Coinbase and <a href="https://en.coin-turk.com/cryptocurrency-turmoil-binance-case-and-market-reactions/" data-wpel-link="internal">Binance</a>, were separately sued for serious allegations of violating securities laws.&nbsp; 
<img decoding="async" loading="lazy" class="aligncenter wp-image-85498 size-full" src="https://en.coin-turk.com/wp-content/uploads/2023/06/wisdom.png" alt="" width="1938" height="1022" srcset="https://en.coin-turk.com/wp-content/uploads/2023/06/wisdom.png 1938w, https://en.coin-turk.com/wp-content/uploads/2023/06/wisdom-300x158.png 300w, https://en.coin-turk.com/wp-content/uploads/2023/06/wisdom-768x405.png 768w, https://en.coin-turk.com/wp-content/uploads/2023/06/wisdom-1536x810.png 1536w, https://en.coin-turk.com/wp-content/uploads/2023/06/wisdom-1200x633.png 1200w" sizes="(max-width: 1938px) 100vw, 1938px"> 
<h2 style="text-align: justify" id="details-on-wisdomtree-bitcoin-etf">Details on WisdomTree Bitcoin ETF</h2> 
WisdomTree Investments aims to provide exposure to the Bitcoin price for investors while maintaining low transaction fees with the Bitcoin Trust. In its spot Bitcoin ETF application to the SEC early today, the company stated that the trust would hold Bitcoin to achieve this goal. Moreover, the WisdomTree Bitcoin ETF will use an independent pricing source detached from the valuation of the leading cryptocurrency.&nbsp; 
Meanwhile, BlackRock will continue its partnership with Coinbase, utilizing custody services and spot market data for its ETF product. BlackRock’s spot Bitcoin ETF is expected to play a significant role in attracting institutional investors to the crypto market upon launch.&nbsp; 
The crypto world now turns its eyes towards Grayscale, who launched a lawsuit against the SEC after the rejection of its spot Bitcoin ETF. Market experts, observers, and analysts anticipate Grayscale’s victory, given the queue of major asset management firms, including BlackRock and WisdomTree Investments, starting to apply for spot Bitcoin ETFs.&nbsp; 
The post <a rel="nofollow" href="https://en.coin-turk.com/wisdomtree-investments-follows-blackrock-in-spot-bitcoin-etf-application/" data-wpel-link="internal">WisdomTree Investments Follows BlackRock in Spot Bitcoin ETF Application&nbsp;</a> appeared first on <a rel="nofollow" href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

WisdomTree Investments Follows BlackRock in Spot Bitcoin ETF Application

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