Exchange-traded fund (ETF) giant WisdomTree has applied to launch a bitcoin ETF, becoming one of many firms to apply for an ETF by filing an S-1 Form with the U.S. Securities and Exchange Commission.
Grayscale may soon be in the process of either applying for a new bitcoin ETF or converting Grayscale Bitcoin Trust into an ETF as it seeks to hire nine ETF specialists. The digital asset investment firm, which is owned by CoinDesk parent company Digital Currency Group, refused to confirm that it is working on an ETF.
In June 2020, WisdomTree applied for an ETF that would put 5% of assets into bitcoin futures contracts.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.