Asset management firm WisdomTree resubmits application for physically-backed Bitcoin ETF.

According to BlockBeats news on June 21st, Eric Balchunas, a senior ETF analyst at Bloomberg, wrote that asset management company WisdomTree has once again submitted an application for a spot Bitcoin ETF. In addition, Invesco has also resubmitted the 19b-4 document for a spot Bitcoin ETF. As previously reported by BlockBeats, on December 3rd, 2021, the US SEC rejected WisdomTree's application for a spot Bitcoin ETF. The US SEC stated that the spot Bitcoin ETF did not fulfill the obligations set forth in the Securities Exchange Act and Commission business rules to demonstrate that the proposal complies with the rules aimed at preventing fraud and manipulation in national securities exchanges and protecting investor and public interests.