Bitwise Asset Administration has filed an amended utility for a spot exchange-traded fund (ETF), beefing it up with 40 pages of recent textual content responding to the USA Securities and Alternate Fee’s objections to the product. Nevertheless, it nonetheless may not 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 court docket overturned the company’s rejection of a Grayscale Investments utility to transform its over-the-counter Grayscale Bitcoin Belief right into a listed BTC ETF.
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