Bitwise seems to have made the adjustments in response to concerns raised by the SEC.
If the SEC approves the proposal, the product will be listed under the symbol $BITB.
Bitwise has resubmitted its Spot Bitcoin ETF proposal after making certain changes to it. The United States SEC provided input and asked questions that led to this determination. The new plan is consistent with expectations, according to social media postings by ETF industry expert James Seyffart.
UPDATE: @BitwiseInvest has submitted their amendment for their #Bitcoin ETF pic.twitter.com/8ByhlMvdMN
— James Seyffart (@JSeyff) October 25, 2023
According to Seyffart, Bitwise seems to have made the adjustments in response to comments and concerns raised by the SEC, with many of the modifications being similar to those made by other applicants in recent weeks.
The Bitwise product’s ticker has been revealed, for example. If the SEC approves the plan, the product will be listed under the symbol $BITB.
All Eyes on
We współpracy z: https://thenewscrypto.com/bitwise-amends-spot-bitcoin-etf-proposal/
