Another Surprise Company Applied for Bitcoin Spot ETF! What is the Latest Status in Applications? Here is the Detailed List

Swiss asset management company Pando Asset has joined the growing list of companies applying for the Bitcoin Spot ETF. While this emerges as the latest development on the spot ETF agenda in the cryptocurrency market, several other companies have already submitted their applications. Here is a summary of these companies:

  • BlackRock (BLK.N) filed for iShares Bitcoin Trust in June 2023. If approved, it will be listed on Nasdaq and use Coinbase Custody as crypto custodian and BNY Mellon as cash custodian.
  • Grayscale Investments is attempting to convert the spot Grayscale Bitcoin Trust (GBTC.PK) into an ETF. In August, a federal appeals court ruled that the SEC was wrong to reject Grayscale’s application to create a spot BTC exchange-traded fund.
  • Fidelity re-applied for the Wise Origin Bitcoin Trust in late June after media reports said the SEC found the initial paperwork not comprehensive.
  • Ark Invest and 21Shares refiled paperwork for the ARK 21Shares Bitcoin ETF with the SEC for a third time on June 28, after the regulator said the initial prospectus did not meet its requirements to prevent fraud and market manipulation.
  • WisdomTree re-applied for approval for the WisdomTree Bitcoin Trust on June 20, following two previous rejections.
  • Valkyrie Digital Assets filed with the SEC on June 21 to launch the Valkyrie Bitcoin Fund under the ticker BRRR. The SEC rejected a previous application by NYSE Arca to list a spot Bitcoin ETF by Valkyrie in December 2021.
  • Invesco and Galaxy Digital have reactivated the September 2021 filing to launch the Invesco Galaxy Bitcoin ETF in October 2023.
  • HashDex has filed to convert its Bitcoin futures ETF into a HashDex Spot Bitcoin ETF in September 2023. The SEC postponed the decision on the application.

*This is not investment advice.

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Source: https://en.bitcoinsistemi.com/another-surprise-company-applied-for-bitcoin-spot-etf-what-is-the-latest-status-in-applications-here-is-the-detailed-list/