Asset manager WisdomTree has just filed an application with the US Securities and Exchange Commission (SEC) to launch a Bitcoin exchange-traded fund (ETF).
WisdomTree Bitcoin Trust's share price will be calculated according to the CME CF Bitcoin Index, which includes the price of Bitcoin on major spot trading platforms.
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WisdomTree plans to list the Bitcoin ETF on Cboe BZX under the ticker BTCW.
The SEC is currently considering applications to launch Bitcoin ETFs from VanEck, Bitwise Asset Management, Valkyrie Digital Assets and NYDIG.
Galaxy Digital has recently launched such an investment instrument in Canada together with CI Global Asset Management.