Bitwise has filed an amended application, complete with new research, to list the Bitcoin ETF Trust.
The research addresses the key concerns raised by the SEC regarding spot BTC ETFs. Given the Grayscale decision, every spot BTC ETF application is on a pending basis, with the SEC expected to issue a court decision. But what happens if the SEC appeals the court decision?
Details in the ETF process attracted attention!
The CME BTC futures market leads the price in the spot market, which can serve as a “regulated market” for surveillance purposes. Today’s change aims to address each of the major objections the SEC previously expressed in not approving spot BTC ETFs. In particular, the importance of CME becomes more evident due to the ever-increasing confusion and chaos in the cryptocurrency market.
Bitwise continues to be one of the prominent names in Bitcoin ETF applications. ETF, one of the cornerstones of the crypto industry, is one of the most critical elements in BTC’s journey to $ 31,800. Let’s see if ETF news, which has been silent for a while, can come to the fore with different companies such as Bitwise and push the BTC price up in the coming periods.
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