Following hot on the heels of BlackRock, investment managers WisdomTree and Invesco have lodged applications for spot Bitcoin ETFs with the SEC.
, with the financial regulator citing similar concerns of fraud and market manipulation. At the time of publication, WisdomTree oversees approximately $83 billion in assets.
One of the key differences with BlackRock’s recent filing to the SEC is that it intends to enter into a “surveillance sharing agreement” with the Chicago Mercantile Exchange futures markets.the SEC’s approval of a Bitcoin futures fund by investment advisory firm Teucrium.
This has been echoed in WisdomTree’s filing as well, which states that it too is willing to enter into such a surveillance agreement with “an operator of a US-based spot trading platform for Bitcoin.” Less than four hours after WisdomTree filed its application, global investment manager Invesco “reactivated” its application for a similar product.
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