The U.S. Securities and Exchange Commission (SEC) has officially recognized Bitwise’s application for spot Bitcoin. The San Francisco-based digital asset management company first applied for a spot Bitcoin ETF in October 2021, but revised and resubmitted the application on June 28 this year.
The US SEC said it filed a notice of proposed rule change under NYSE ARCA Rule 8.201-E (Commodity-Based Trust Shares) to list and trade shares in the Bitwise Bitcoin ETP Trust.