June 21 (Cointime) - Bitwise has submitted an application for a spot bitcoin ETF, joining BlackRock in their similar attempt. Despite previous attempts from other issuers, the SEC has never allowed a spot bitcoin ETF to be introduced to the US market. Bitwise's latest filing includes additional legal analysis regarding the surveillance of bitcoin through the Chicago Mercantile Exchange futures markets. If the SEC approves the first spot Bitcoin ETF, Bitwise's timing of the filing could potentially follow BlackRock. Other issuers such as VanEck, Valkyrie, WisdomTree, Global X, and Invesco may also follow suit.
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