Compartir este artículo
SEC Rejects WisdomTree’s Spot Bitcoin ETF Application
The decision comes seven months after the agency said it would start evaluating the asset manager’s application.
Por James Rubin
The U.S. Securities and Exchange Commission (SEC) has denied WisdomTree’s application for a spot bitcoin exchange-traded fund (ETF), the agency said in a letter on Wednesday.
- Approval would have allowed retail and institutional investors to invest in a regulated financial product incorporating the world’s oldest cryptocurrency, without requiring them to invest in the crypto directly.
- The decision comes seven months after the regulator said it would start evaluating the WisdomTree Bitcoin Trust, which the ETF giant filed with the Cboe BZX exchange in March. The agency delayed its decision in June and again in July, as well as its consideration of other bitcoin spot ETFs.
- “The Commission concludes that BZX has not met its burden under the Exchange Act and the Commission’s Rules of Practice to demonstrate that its proposal is consistent with the requirement that the rules of a national securities exchange be ‘designed to prevent fraudulent and manipulative acts and practices’ and ‘to protect investors and the public interest,’” the agency wrote.
- The SEC’s decision was not unexpected as SEC Chair Gary Gensler has indicated multiple times in the past a preference for a bitcoin futures ETF over an ETF that holds bitcoin directly. Last month, the SEC rejected investment firm VanEck’s proposal for a spot bitcoin ETF.
- Two bitcoin futures ETFs, the ProShares Bitcoin Strategy ETF (BITO) and the Valkyrie Bitcoin Strategy ETF (BTF), began trading in the U.S. in October, leading to a significant rally in the price of bitcoin. VanEck’s bitcoin futures ETF began trading in mid-November.
- At the time of publication, bitcoin was trading down 1%.
UPDATE (Dec. 2 17:49): Corrects when VanEck’s bitcoin futures ETF began trading.
STORY CONTINUES BELOW
Más para ti
Lo que debes saber:
- 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
ECB’s Christine Lagarde shifts focus to digital euro rollout after holding rates
With technical and preparatory work complete, the ECB pressed lawmakers to move quickly on Europe’s public digital currency amid global stablecoin concerns.
What to know:
- The European Central Bank has completed its preparatory work on the digital euro, awaiting action from political institutions.
- ECB President Christine Lagarde emphasized a data-driven approach to interest rate decisions, with inflation projected to meet the 2% target by 2028.
- The digital euro is prioritized as a strategic financial tool, expected to launch in the second half of 2026.
Top Stories
