Bitcoin ETF

Bitcoin

Pando

Spot

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<ul>
 <li>Swiss asset manager Pando has taken a significant step in its expansion with its latest move into the US financial markets.</li>
 <li>Joining the US Bitcoin ETF arena, newcomer Pando is no stranger to crypto exchange-traded products (ETPs).</li>
 <li>The recent application follows Pando’s registration of the securities for its Pando Asset Spot Bitcoin Trust with the US Securities and Exchange Commission (SEC).</li>
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<p><strong>Swiss asset manager Pando Asset officially joined the race for the US spot Bitcoin ETF: Details of the ETF application!</strong></p>
<h2 id="strong-pando-asset-ag-joins-the-spot-bitcoin-etf-race-strong"><strong>Pando Asset AG Joins the Spot Bitcoin ETF Race</strong></h2>
<p><img loading="lazy" decoding="async" class="alignnone size-full wp-image-126553" src="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Bitcoin-BTC-54-1.webp?resize=696%2C392&amp;quality=70&amp;ssl=1" alt="bitcoin-btc" width="696" height="392" srcset="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Bitcoin-BTC-54-1.webp?w=1920&amp;quality=70&amp;ssl=1 1920w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Bitcoin-BTC-54-1.webp?resize=300%2C169&amp;quality=70&amp;ssl=1 300w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Bitcoin-BTC-54-1.webp?resize=1024%2C576&amp;quality=70&amp;ssl=1 1024w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Bitcoin-BTC-54-1.webp?resize=768%2C432&amp;quality=70&amp;ssl=1 768w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Bitcoin-BTC-54-1.webp?resize=1536%2C864&amp;quality=70&amp;ssl=1 1536w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Bitcoin-BTC-54-1.webp?resize=150%2C84&amp;quality=70&amp;ssl=1 150w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Bitcoin-BTC-54-1.webp?resize=696%2C392&amp;quality=70&amp;ssl=1 696w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Bitcoin-BTC-54-1.webp?resize=1068%2C601&amp;quality=70&amp;ssl=1 1068w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Bitcoin-BTC-54-1.webp?w=1392&amp;quality=70&amp;ssl=1 1392w" sizes="(max-width: 696px) 100vw, 696px" data-recalc-dims="1"></p>
<p>Swiss asset manager Pando has taken a significant step in its expansion with its latest move into the US financial markets. On December 5th, the company officially joined the long-awaited US spot Bitcoin ETF race by filing a 19b-4 application with the Chicago Board Options Exchange (CBOE). This development places Pando among the 13 potential issuers sharing an opportunity-filled market.</p>
<p>Newcomer Pando, joining the US Bitcoin ETF arena, is no stranger to crypto exchange-traded products (ETPs). The company has already established a presence in the European market with three other spot crypto ETPs listed on the Swiss Franc Exchange. This move showcases Pando’s expanding goals and commitment to establishing a global presence in the cryptocurrency sector.</p>
<p>The recent application follows Pando’s registration of the securities for its Pando Asset Spot Bitcoin Trust with the US Securities and Exchange Commission (SEC). Bank of New York Mellon is expected to play a significant role as an administrator for this proposed ETF. However, Pando is not registered with the SEC as an investment company, adding complexity to their applications.</p>
<h2 id="strong-bitcoin-price-surpasses-44-000-strong"><strong>Bitcoin Price Surpasses $44,000</strong></h2>
<p>The cryptocurrency market has responded positively to Bitcoin’s price surpassing $44,000, reaching an unprecedented peak since the TerraUSD collapse in May 2022. This increase reflects the market’s optimism about the potential approval of the US spot Bitcoin ETF. Analysts, including Bloomberg Analyst Eric Balchunas, express high confidence in the likelihood of ETF approval, citing a probability of 90% by January 10th.</p>
<p>The crypto community is closely monitoring developments, especially around the SEC’s decision, in light of the upcoming Bitcoin halving event. Data from Coinglass indicates that over $109 million worth of Bitcoin short positions have been liquidated in the last 24 hours. This movement underscores the market’s sensitivity to regulatory progress and expectations surrounding the SEC decision.</p>
<p>The post <a rel="noopener noreferrer nofollow" href="https://en.coinotag.com/swiss-asset-manager-officially-joins-the-race-for-us-spot-bitcoin-etf/">Swiss Asset Manager Officially Joins the Race for US Spot Bitcoin ETF!</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://en.coinotag.com">COINOTAG NEWS</a>.</p>
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Swiss Asset Manager Officially Joins the Race for US Spot Bitcoin ETF!

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