WisdomTree Applied For The Launch Of Bitcoin ETF
The financial giant WisdomTree, which manages assets worth a total of $60 billion, is about to launch its own Bitcoin ETF, the official website of the US chief financial regulator informed.
In the submitted application, besides Bitcoin derivatives, there will be energy sector assets, precious and industrial metals, as well as agricultural commodities in the fund.
SEC vs Bitcoin ETF
The US Securities and Exchange Commission rejected dozens of applications for the launch of Bitcoin ETF for many years. They explained it by insufficient capitalisation and increased cryptocurrency market volatility.