WisdomTree Revises Spot Bitcoin ETF; SEC May Delay Comments: Bloomberg Analyst
WisdomTree asset management company has submitted a revised spot Bitcoin ETF prospectus (S-1 filing) to the U.S. Securities and Exchange Commission (SEC). Bloomberg ETF analyst James Seyffart explains that WisdomTree is still planning to launch an ETF, but left behind the spot Bitcoin ETF race as others have already submitted updated applications.
Traders are keeping an eye on the SEC’s pending comment on the spot Bitcoin ETF, with experts pointing out the requirement for further changes to the ETF applications and a possible approval by this year.
WisdomTree Files Updated Spot Bitcoin ETF
Bloomberg ETF analyst James Seyffart on November 17 revealed WisdomTree has amended its spot Bitcoin ETF S-1 filing with the U.S. SEC. He said it indicates WisdomTree is still planning to launch a spot Bitcoin ETF after a recent delay from the SEC.
He explained that “All issuers were expected to have to file one of these in order to potentially launch their ETF at some point. Just a step in the process. Nothing critical.”
Bloomberg senior ETF analyst Eric Balchunas said he doesn’t include WisdomTree and Franklin in the race as they filed so late and should be held back. However, he raised concerns over whether the SEC awaits till all S-1 filings are updated before second-round comments.
Also Read: Bitcoin (BTC) Price Dramatically Slumps, Top Analyst Identifies Opportunity
Other Bitcoin ETF Applications
Spot Bitcoin ETF issuers including BlackRock have already filed amended spot Bitcoin ETF applications. The SEC required details about risk disclosures, new language, seeding, and further context. VanEck highlighted plans to seed the BTC ETF with funds domiciled in physical BTC.
Bloomberg’s ETF analysts kept the odds of spot Bitcoin ETF approval at 90%. They believe the SEC is likely to approve a spot Bitcoin ETF after the deadline in January.
BTC price fell 3% in the past 24 hours, with the price currently trading at $36,433. The 24-hour low and high are $35,545 and $37,619, respectively. Furthermore, the trading volume has further decreased by 10% in the last 24 hours, indicating a decline in the interest of traders.
Also Read: Crypto Market Selloff—BTC, ETH, XRP, SOL Continue Falling After BlackRock Ether ETF News
- Breaking: U.S. PCE Inflation Rises To 2.7% YoY, Bitcoin Bounces
- Breaking: $10 Trillion Vanguard Plans to Offer Crypto ETFs to Brokerage Clients
- BlackRock Loads Up on Bitcoin, Files For Premium ETF to Increase BTC Yield
- Best 10 Crypto Cards for 2025
- Expert Projects HYPE Token Upside as Bitwise Files for Hyperliquid ETF With SEC
- CHMPZ Price Prediction:Will This Net-Zero Community Token be the Next Gem?
- Is Ethereum Price Set for a rebound as Whale accumulation Intensifies?
- HYPE Price Prediction As Bitwise Files For Hyperliquid ETF – Is $55 In Sight?
- Shiba Inu Price Eyes Recovery From Demand Zone With Burn Rate Soaring Nearly 400%
- Bitcoin Price: Analyst Predicts Crash to $104K Before Explosive Rally on Fed Cut Pattern
- HBAR Price Elliot Wave Signals an 86% Rebound as Key Risks Remain
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
