WisdomTree Wants to Launch Bitcoin Futures ETF
Main page News, Bitcoin-ETF

WisdomTree Trust, an asset management company that currently manages $60B in assets, has just filed an application with the US Securities and Exchange Commission (SEC) to launch a new exchange-traded fund (ETF) whose asset basket would include Bitcoin futures.

According to the petition, the Chicago Mercantile Exchange (CME) Bitcoin futures would represent 5% of the ETF. The remaining funds are expected to be invested in energy resources, industrial and precious metals as well as agricultural products.

The SEC has rejected all applications for the creation of ETFs related to Bitcoin so far. Some companies have suggested including other goods in the basket apart from Bitcoin, for example, US government bonds, however, this has not helped them get the green light from the regulator.

William Peck, WisdomTree's head of corporate strategy, recently said cryptos are a natural continuation of the company's business model.

WisdomTree launched a Bitcoin ETP (exchange-traded product) in December 2019 that is listed on the SIX Swiss Exchange.

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

Read also:
Please describe the error
Close