WisdomTree Lists Bitcoin ETP on Deutsche Boerse as ETF Application Awaits SEC Review
The bitcoin ETP goes live in Frankfurt while U.S. regulators consider WisdomTree’s bitcoin ETF application.
The review period for the application is now extended by 45 days from May 26.
The four investment firms listed a total of nine bitcoin and ethereum ETPs on the Euronext Paris stock exchange today.
The SEC instituted proceedings on whether to approve the WisdomTree bitcoin ETF application, effectively delaying any firm decision by a few months.
The asset manager becomes the second firm to submit an ETH ETF application with the U.S. regulator.
The company’s application to list a bitcoin ETF in the U.S. is currently being reviewed by the SEC.
WisdomTree, an asset manager specializing in exchange-traded funds, is vying to become one of the first established U.S. financial firms to offer clients digital assets, including a so-called stablecoin whose value is closely linked to the U.S. dollar.