Following BlackRock’s decision to file a comparable application for its own spot Bitcoin ETF on June 15, at least two investment firms have made additional files for spot Bitcoin exchange-traded funds (ETF).
The first one is WisdomTree, a New York-based asset management firm, the most recent investment firm to file for a spot Bitcoin ETF. WisdomTree obtained permission from the Securities and Exchange Commission (SEC) on June 21 to list its “WisdomTree Bitcoin Trust” on the Cboe BZX Exchange under the ticker “BTCW.”
Invesco, a major investment management, “reactivated” their application for a comparable product less than four hours after WisdomTree filed its. In the 19b-4 filing, Invesco requested that the SEC allow its “Invesco Galaxy Bitcoin ETF” product to be listed on the Cboe BZX platform.
As per a report from CoinTelegraph, in addition to the recent effort from WisdomTree and Invesco, rumours have begun to circulate that Fidelity Investments, the multi-trillion-dollar fund manager, is aiming to capitalise on the increased fervour for spot Bitcoin ETFs.
BlackRock’s ETF filing has led to a boost in investor sentiment as well as positive impact over the industry in general. Grayscale’s Bitcoin Trust saw a rise just a day after BlackRock’s filing.