
May 10th, 2025
An approval from the SEC would make the VanEck Bitcoin ETF the first open Bitcoin exchange-traded product in the US but the SEC continues to delay this.
The waiting list for the BTC ETF approvals includes Trust Skybridge, Fidelity Tree, Wilshire Phoenix among others.
WisdomTree is the second to apply for an ETH ETF. Asset manager VanEck had filed an application to create an Ether-focused exchange-traded fund earlier this month.
This will be the first-of-its-kind Bitcoin ETF that will acquire carbon credits against the Bitcoin use with each of the MCO2 tokens representing certified reductions in greenhouse emissions.
The Cboe is known to be backing VanEck’s Bitcoin ETF move, which is similarly under consideration by the SEC.
With its Sherlock platform, Fidelity aims to beat competitors in the data analysis space.
The US securities regulator said that it would need more time to consider the proposed rule changes from VanEck and decide on its Bitcoin ETF application.
The discount has resulted in heavy losses for some investors, but Grayscale is keen on offering the discount to attract more even traders.
JPMorgan says that the widening gap between the Bitcoin spot price and the futures price is an indication institutional investors are yet to fully access the cryptocurrency market.
In the SEC filing, Galaxy Digital said that shares of its Bitcoin ETF will list on the NYSE Arca Exchange. Besides, the Bitcoin ETF will follow the Bloomberg Galaxy Bitcoin index for pricing mechanism.
Looking at the strong demand for Bitcoin ETF from institutional players, Grayscale doesn’t want to lose its market dominance and is willing to navigate to the ETF market.
According to Form S-1 filed by Fidelity Investments, the ETF will be called Wise Origin Bitcoin Trust.
Hopes are high on this current submission because there has been a growing demand for a Bitcoin ETF in the United States.
Grayscale has shared nine job postings for ETF specialists. The leading Bitcoin trust firm has no ETF products nor filed for an ETF with the SEC.
The listing of a Bitcoin exchange-traded-fund (ETF) is anticipated to take the industry to the next level.