{"id":62984,"date":"2023-10-27T16:53:39","date_gmt":"2023-10-27T20:53:39","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=62984"},"modified":"2023-10-27T16:54:42","modified_gmt":"2023-10-27T20:54:42","slug":"bitwise-invest-amends-bitcoin-etf-filing","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/bitwise-invest-amends-bitcoin-etf-filing\/","title":{"rendered":"Bitwise Invest Amends Bitcoin ETF Filing"},"content":{"rendered":"\n

In response to remarks made by the U.S. Securities and Exchange Commission<\/a> (SEC), Bitwise Invest modified some of its application to establish a spot Bitcoin ETF.<\/p>\n\n\n\n

\"Bitwise
Bitwise Invest Amends Bitcoin ETF Filing<\/figcaption><\/figure>\n\n\n\n

Bloomberg Intelligence analyst James Seyffart reported on this on his Twitter account<\/a>.<\/p>\n\n\n\n

\n

UPDATE: @BitwiseInvest\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> has submitted their amendment for their #Bitcoin<\/use><\/svg><\/span><\/a> ETF pic.twitter.com\/8ByhlMvdMN<\/use><\/svg><\/span><\/a><\/p>— James Seyffart (@JSeyff) October 25, 2023<\/use><\/svg><\/span><\/a><\/blockquote>

The expert states that the filing has mostly stayed the same. The business did, however, add the product ticker BITB. The ETF will trade on the NYSE Arca <\/use><\/svg><\/span><\/a>exchange if the SEC authorizes it.<\/p>\n\n\n\n

Seyffart said that this is merely an illustration of a conversation between counterparties and the regulator in response to whether it should be regarded as a clear signal.<\/p>\n\n\n\n

\n

Not really. No. Just more progress and shows continued conversation between SEC and these filers.<\/p>— James Seyffart (@JSeyff) October 25, 2023<\/use><\/svg><\/span><\/a><\/blockquote>

Ark Invest revised its joint application to register a spot Bitcoin ETF<\/a> with 21Shares earlier this month. In line with GAAP, the company's revised application also incorporated techniques for storing assets and calculating net asset value.<\/p>\n\n\n\n

The iShares Bitcoin Trust, BlackRock's proposed spot Bitcoin ETF, was listed among the assets DTCC offers post-trading, clearing, and settlement services. The ticker IBTC indicates the instrument.<\/p>\n\n\n\n

On all applications for spot Bitcoin ETFs, including the Bitwise case, the SEC has postponed making decisions. The regulator's ultimate decision for this type of exchange-traded products must be made by March or April of 2024.<\/p>\n","protected":false},"excerpt":{"rendered":"

In response to remarks made by the U.S. Securities and Exchange Commission (SEC), Bitwise Invest modified some of its application to establish a spot Bitcoin ETF. Bloomberg Intelligence analyst James Seyffart reported on this on his Twitter account. The expert states that the filing has mostly stayed the same. The business did, however, add the […]<\/p>\n","protected":false},"author":43,"featured_media":62987,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[16975,940],"class_list":["post-62984","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitwise-invest","tag-etf"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/10\/croc_1698437589797.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/62984","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=62984"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/62984\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/62987"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=62984"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=62984"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=62984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}