SEC gives official acknowledgment to Bitwise’s resubmitted spot bitcoin ETF application

SEC gives official acknowledgment to Bitwise’s resubmitted spot bitcoin ETF application



The application for a spot Bitcoin ETF from Bitwise Asset Management, based in San Francisco, has received official acknowledgment from the U.S. Securities and Exchange Commission (SEC). The firm initially submitted its bitcoin ETF proposal in October 2021 but revised and resubmitted it on June 28 of this year.



The SEC document states that the proposed change relates to the "listing and trading of shares for the Bitwise Bitcoin ETP Trust" under New York Stock Exchange ARCA Rule 8.201-E, which covers commodity-based trust shares.



Bitwise's recent filing adds to the increasing number of institutional applications for spot bitcoin ETFs, a trend that gained momentum with BlackRock's application on June 15.



Bitwise's Chief Investment Officer, Matthew Hougan, acknowledged the significance of BlackRock's market presence in a


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