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.
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