All articles tagged with #wisdomtree
Originally Published 2 years ago — by Decrypt
WisdomTree, a New York asset manager, has chosen Coinbase as the custodian for its spot Bitcoin exchange-traded fund (ETF) application submitted to the Securities and Exchange Commission. Coinbase is already the custodian and surveillance-sharing partner for other ETF applicants, including BlackRock. The SEC has until January 15 to approve or deny WisdomTree's Bitcoin Trust.
Originally Published 2 years ago — by Barron's
Invesco and WisdomTree are the latest asset managers to join the push for a Bitcoin ETF, which would allow investors to gain exposure to the cryptocurrency through a regulated exchange-traded fund. The industry has been pursuing a Bitcoin ETF for years, but regulatory hurdles have prevented its launch. However, recent comments from SEC officials suggest that a Bitcoin ETF may finally be approved in the near future.
Originally Published 2 years ago — by Decrypt
WisdomTree and Invesco have filed for spot Bitcoin exchange-traded funds (ETFs) in the US, following BlackRock's similar application last week. The ETFs aim to provide investors with exposure to the price movements of Bitcoin without requiring them to directly own and store the underlying asset. The SEC has repeatedly denied or postponed decisions on a physical Bitcoin ETF, raising concerns over the cryptocurrency's volatility and risk of market manipulation.