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SEC seeks additional comments on WisdomTree’s Bitcoin ETF proposal

The Securities and Exchange Commission has asked for additional comments on issuer WisdomTree’s proposal to list a spot bitcoin exchange-traded fund (ETF). WisdomTree refiled for a spot-bitcoin product in February of this year after receiving a rejection in December 2021. At the time, the SEC cited a lack of surveillance sharing agreements and the subsequent inability to curb fraudulent or manipulative practices in the spot market. The December rejection was the second in a wave of denials from the US …

WisdomTree positions its forthcoming crypto wallet to serve ‘the next 2 billion’

US asset manager WisdomTree hopes its forthcoming consumer-facing crypto wallet will offer an approachable experience for less tech-savvy users intimidated by the current crop. The smartphone-based wallet, known as WisdomTree Prime, was announced in January and will have a limited US launch this summer before a full roll-out across America next year, Jason Guthrie, Wisdomtree’s European head of digital asset product and head of digital assets, said in an interview with The Block. WisdomTree Prime represents a first foray into …

Ritholtz Wealth Management and WisdomTree launch new crypto index

New York-based investment advisor Ritholtz Wealth Management and exchange-traded fund and asset manager WisdomTree investments are jointly launching a crypto index fund.  Dubbed the RWM WisdomTree Crypto Index, the new index consists of 36% Bitcoin, 20% Ethereum and 4% of 11 other crypto-related assets in a separately managed account, according to a company release. The index also gives investors exposure to decentralized finance and the metaverse, such as through SushiSwap and Decentraland, in addition to layer-2 protocols and oracles. The …

SEC denies WisdomTree’s spot bitcoin ETF proposal

The Securities and Exchange Commission has rejected WisdomTree’s proposal to list a bitcoin exchange-traded fund (ETF), making it the second rejection order to come down in this wave of applications for a spot-based bitcoin ETF. The Commission cited the lack of surveillance sharing agreements and the subsequent inability to curb fraudulent or manipulative practices in the spot market. “The Commission concludes that BZX has not met its burden under the Exchange Act and the Commission’s Rules of Practice to demonstrate …