Bitcoin ETF

Bitcoin

James

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 <p class="is-style-lead">Bitwise Invest has made certain changes to its application to register a spot Bitcoin ETF following comments from the U.S. Securities and Exchange Commission (SEC).</p>
 <p>Bloomberg Intelligence analyst James Seyffart reported on this on his Twitter account.</p>
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    <p lang="en" dir="ltr">UPDATE: @BitwiseInvest has submitted their amendment for their #Bitcoin ETF pic.twitter.com/8ByhlMvdMN</p>— James Seyffart (@JSeyff) October 25, 2023
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 <p>According to the expert, there are no significant changes in the <a rel="noopener noreferrer nofollow" title="filing" href="https://thebittimes.com/tag/filing.html">filing</a>. However, the company added its product ticker BITB. If the SEC approves ETF, it will trade on the NYSE Arca exchange.</p>
 <p>When asked whether this should be considered a definite signal, Seyffart replied that it is just an example of a dialogue between counterparties and the regulator.</p>
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    <p lang="en" dir="ltr">Not really. No. Just more progress and shows continued conversation between SEC and these filers.</p>— James Seyffart (@JSeyff) October 25, 2023
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 <p>Earlier this month, Ark Invest amended its joint application with 21Shares to register a spot Bitcoin ETF. The company’s updated application also included methods for storing assets and determining net asset value in accordance with GAAP.</p>
 <p>BlackRock’s proposed spot Bitcoin ETF, the iShares Bitcoin Trust, also appeared on DTCC’s list of assets for which the company provides post-trading, clearing, and settlement services. The instrument is indicated under the ticker IBTC.</p>
 <p>However, the SEC has deferred decisions on all applications for spot Bitcoin ETFs, including the Bitwise case. The regulator has until March-April 2024 to make a final decision on this class of exchange-traded products.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bitwise-invest-amends-bitcoin-etf-filing-tbt67895.html">https://thebittimes.com/bitwise-invest-amends-bitcoin-etf-filing-tbt67895.html</a></p>

Bitwise Invest amends Bitcoin ETF filing

TheBitTimes

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