Share this article
WisdomTree Files for a Bitcoin ETF
Others applying to offer a bitcoin ETF in the U.S. include NYDIG, Valkyrie and VanEck.
Updated Sep 14, 2021, 12:25 p.m. Published Mar 11, 2021, 8:38 p.m.
Make us preferred on Google
Exchange-traded fund (ETF) giant WisdomTree has applied to launch a bitcoin ETF, becoming one of many firms to apply for an ETF by filing an S-1 Form with the U.S. Securities and Exchange Commission.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
WisdomTree intends to list the shares of the ETF on Cboe’s BZX Exchange. NYDIG applied in February, Valkyrie applied in January, and VanEck applied in December of last year. So far, VanEck has been the only couple to also file a Form 19b-4, kicking off the SEC’s regulatory review process.
Grayscale may soon be in the process of either applying for a new bitcoin ETF or converting Grayscale Bitcoin Trust into an ETF as it seeks to hire nine ETF specialists. The digital asset investment firm, which is owned by CoinDesk parent company Digital Currency Group, refused to confirm that it is working on an ETF.
In June 2020, WisdomTree applied for an ETF that would put 5% of assets into bitcoin futures contracts.
More For You
Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.
What to know:
Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.
The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.
More For You
Gold in 'extreme greed' sentiment as it adds entire bitcoin market cap in one day
Bullion ripped past $5,500 and sentiment gauges hit “extreme greed,” while bitcoin stayed pinned below $90K — a split that’s getting harder to ignore.
What to know:
- Gold’s surge above $5,500 an ounce has taken on the feel of a crowded trade, with its notional value jumping about $1.6 trillion in a single day.
- Sentiment gauges such as JM Bullion’s Gold Fear & Greed Index are signaling extreme bullishness in precious metals, even as similar crypto indicators remain stuck in fear.
- Bitcoin is lagging despite the “hard assets” narrative, trading like a high-beta risk asset while investors seeking a store of value are favoring physical gold and silver over digital tokens.
Top Stories
