{"id":183768,"date":"2023-11-17T13:38:58","date_gmt":"2023-11-17T13:38:58","guid":{"rendered":"https:\/\/precoinnews.com\/?p=183768"},"modified":"2023-11-17T13:38:58","modified_gmt":"2023-11-17T13:38:58","slug":"wisdomtree-amends-s-1-form-spot-bitcoin-etf-filing-as-crypto-awaits-sec-decisions","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/wisdomtree-amends-s-1-form-spot-bitcoin-etf-filing-as-crypto-awaits-sec-decisions\/","title":{"rendered":"WisdomTree amends S-1 form spot Bitcoin ETF filing as crypto awaits SEC decisions"},"content":{"rendered":"

The global exchange-traded fund (ETF) provider WisdomTree\u00a0filed an amended Form S-1 spot Bitcoin (BTC)\u00a0ETF prospectus\u00a0with the United States Securities and Exchange Commission (SEC) on Nov. 16.<\/p>\n

The update comes a few months after WisdomTree refiled its spot Bitcoin ETF application in June 2023, proposing a rule change to list and trade shares of the WisdomTree Bitcoin Trust on the BZX Exchange by the Chicago Board Options Exchange (CBOE).<\/p>\n

The amended prospectus mentions that the WisdomTree Bitcoin Trust ETF will trade under a ticker symbol BTCW, with Coinbase Custody Trust serving as the custodian holding all of the trust\u2019s Bitcoin on its behalf.<\/p>\n

According to Bloomberg ETF analyst James Seyffart, the updated Form S-1 spot Bitcoin ETF filing by WisdomTree means that the firm is still planning to launch an ETF and is discussing the opportunity with the SEC.<\/p>\n

\u201cAll issuers were expected to have to file one of these to potentially launch their ETF at some point. Just a step in the process. Nothing critical,\u201d Seyffart wrote on X (formerly Twitter).<\/p>\n

Another Bloomberg ETF expert, Eric Balchunas,\u00a0noticed that WisdomTree took \u201clong enough\u201d to amend its Form S-1 Bitcoin ETF filing. \u201cPlease tell me the SEC isn\u2019t waiting till all S-1s are updated before issuing a second round of comments,\u201d he added.<\/p>\n

Related: <\/em><\/strong>First deadline window looms for SEC to approve Bitcoin ETFs: Law Decoded<\/em><\/strong><\/p>\n

According to Seyffart\u2019s data, only two spot Bitcoin ETF filers out of 12 firms in the U.S. have yet to amend their S-1 filings with the SEC: Franklin Templeton and Global X.<\/p>\n

Franklin Templeton is\u00a0awaiting its first spot Bitcoin ETF deadline on Nov. 17. Hashdex, whose deadline was previously also set for Nov. 17, saw its deadline moved by the SEC to Jan. 1, 2024, a few days ago.<\/p>\n

Global X, another firm that hasn\u2019t amended its S-1 filing yet, is also awaiting its second spot Bitcoin ETF deadline on Nov. 21.<\/p>\n

Bloomberg ETF analysts like\u00a0Seyffart\u00a0expect\u00a0the SEC to do another round of delays on decisions regarding the upcoming deadlines in the near future. However,\u00a0Seyffart still believes the delays would not alter his perspective of the 90% likelihood of the SEC approving a spot Bitcoin ETF before the end of January 2024.<\/p>\n

Magazine: <\/em><\/strong>Crypto regulation \u2014 Does SEC Chair Gary Gensler have the final say?<\/em><\/strong><\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The global exchange-traded fund (ETF) provider WisdomTree\u00a0filed<\/p>\n","protected":false},"author":3,"featured_media":183767,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nWisdomTree amends S-1 form spot Bitcoin ETF filing as crypto awaits SEC decisions - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/crypto\/wisdomtree-amends-s-1-form-spot-bitcoin-etf-filing-as-crypto-awaits-sec-decisions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"WisdomTree amends S-1 form spot Bitcoin ETF filing as crypto awaits SEC decisions - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"The global exchange-traded fund (ETF) provider WisdomTree\u00a0filed\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/crypto\/wisdomtree-amends-s-1-form-spot-bitcoin-etf-filing-as-crypto-awaits-sec-decisions\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-17T13:38:58+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2023\/11\/WisdomTree-amends-S-1-form-spot-Bitcoin-ETF-filing-as-crypto-awaits-SEC-decisions.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/crypto\/wisdomtree-amends-s-1-form-spot-bitcoin-etf-filing-as-crypto-awaits-sec-decisions\/\",\"url\":\"https:\/\/precoinnews.com\/crypto\/wisdomtree-amends-s-1-form-spot-bitcoin-etf-filing-as-crypto-awaits-sec-decisions\/\",\"name\":\"WisdomTree amends S-1 form spot Bitcoin ETF filing as crypto awaits SEC decisions - 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