Bitwise Invest amends Bitcoin ETF filing

Bitwise Invest has made certain changes to its application to register a spot Bitcoin ETF following comments from the U.S. Securities and Exchange Commission (SEC).

Bloomberg Intelligence analyst James Seyffart reported on this on his Twitter account.

According to the expert, there are no significant changes in the filing. However, the company added its product ticker BITB. If the SEC approves ETF, it will trade on the NYSE Arca exchange.

When asked whether this should be considered a definite signal, Seyffart replied that it is just an example of a dialogue between counterparties and the regulator.

Earlier this month, Ark Invest amended its joint application with 21Shares to register a spot Bitcoin ETF. The company’s updated application also included methods for storing assets and determining net asset value in accordance with GAAP.

BlackRock’s proposed spot Bitcoin ETF, the iShares Bitcoin Trust, also appeared on DTCC’s list of assets for which the company provides post-trading, clearing, and settlement services. The instrument is indicated under the ticker IBTC.

However, the SEC has deferred decisions on all applications for spot Bitcoin ETFs, including the Bitwise case. The regulator has until March-April 2024 to make a final decision on this class of exchange-traded products.