Bitwise amends spot Bitcoin ETF software with new, detailed argumentation

Bitwise Asset Administration has filed an amended software for a spot exchange-traded fund (ETF), beefing it up with 40 pages of latest textual content responding to america Securities and Change Fee’s objections to the product. Nonetheless, it nonetheless won’t be sufficient to fulfill regulatory necessities, an organization government warned.

Bitwise is among the many six monetary corporations whose spot Bitcoin (BTC) ETF purposes are on maintain after the SEC delayed its consideration. That transfer got here after a courtroom overturned the company’s rejection of a Grayscale Investments software to transform its over-the-counter Grayscale Bitcoin Belief right into a listed BTC ETF.

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