Share this article
SEC Begins Review of WisdomTree Bitcoin ETF as Active Applications Hit 8
Krpytoin also filed for a bitcoin ETF on Friday.
By Nikhilesh De
Updated Mar 8, 2024, 4:21 p.m. Published Apr 9, 2021, 9:19 p.m.
The U.S. Securities and Exchange Commission (SEC) has kicked off its review of WisdomTree's bitcoin ETF application, starting the countdown clock to a final decision.
The SEC published a public notice Friday announcing it would begin evaluating the WisdomTree Bitcoin Trust, which the ETF giant filed with Cboe BZX Exchange. WisdomTree first filed for this ETF last month, but has previously attempted to launch a regulated financial product with exposure to cryptocurrencies.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
A bitcoin ETF would provide retail and institutional investors a chance to invest in a regulated financial product incorporating the world's oldest cryptocurrency, without requiring them to invest in the crypto directly. This is seen as a potentially safer way to gain exposure to the still-young crypto sector, which can be volatile or frothy at times.
This is the second active bitcoin exchange-traded fund (ETF) application the federal regulator is evaluating in the U.S. The first, filed by VanEck, has been under review for a few weeks, with its initial comment period closing on Friday. As of press time, only five comments had been filed.
The regulator's initial decision on whether to approve or reject, or otherwise continue evaluating VanEck's application is expected to come next month.
Read more: BNY Mellon Would Be Service Provider for First Trust, SkyBridge’s Proposed Bitcoin ETF
Also on Friday, Kryptoin Investment Advisors, an asset manager launched by Jason Toussaint of SPDR Gold Shares fame, filed a registration form for a bitcoin ETF, bringing the total number of active applications to eight.
The others include the Fidelity-linked Wise Origin Bitcoin Trust, NYDIG, Valkyrie, Anthony Scaramucci's SkyBridge Capital and Simplify.
The SEC has blocked all attempts at launching a bitcoin ETF to date, rejecting over a dozen applications in past years. Despite that, many expect an ETF to be approved for the first time in the U.S. in 2021.
Several bitcoin ETFs have already launched in Canada and one in Brazil, with other crypto exchange-traded products being traded in other nations as well.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Ethereum’s P2P Layer Is Improving Just as Institutional ETH Buys Pick Up
Early PeerDAS performance is proof that the Ethereum Foundation can now ship complex networking improvements at scale.
What to know:
- Ethereum co-founder Vitalik Buterin said that the network is addressing its lack of peer-to-peer networking expertise, highlighting the progress of PeerDAS.
- PeerDAS, a prototype for Data Availability Sampling, is crucial for Ethereum's scalability and decentralization through sharding.
- BitMine Immersion Technologies has significantly increased its Ethereum holdings, viewing it as a strategic investment in the network's future scaling capabilities.
Top Stories
