Amended Spot BTC ETF Filings Have No Impact On Approval Dates, WisdomTree Jumps On Amendment Wagon
Portfolio Pulse from Khyathi Dalal
WisdomTree has amended its spot Bitcoin ETF prospectus, indicating ongoing plans to launch an ETF with ticker BTCW, and Coinbase Custody Trust as custodian. Other firms like VanEck have also filed amended applications, while Franklin Templeton and Global X await approval deadlines. Bloomberg analysts expect further SEC delays but maintain a 90% likelihood of a spot Bitcoin ETF approval by January 2024.
November 17, 2023 | 4:29 pm
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POSITIVE IMPACT
WisdomTree's amendment of its spot Bitcoin ETF filing suggests continued efforts to launch BTCW, with Coinbase as custodian. This reflects a proactive approach to regulatory compliance and a commitment to entering the Bitcoin ETF market.
The amendment of the ETF filing by WisdomTree is a positive step towards regulatory compliance and market entry, which could increase investor confidence and anticipation, potentially leading to a positive short-term impact on the asset's price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100