• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: FTX Trust Sues Genesis To Recover $1 Billion Allegedly Misappropriated By SBF
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: FTX Trust Sues Genesis To Recover $1 Billion Allegedly Misappropriated By SBF
Bitcoin ETF

TradFi Takes Over: 2 More Bitcoin Spot ETFs Filed By Major Players

Jake Simmons
by Jake Simmons
2 years ago
·
Posted in Bitcoin News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

After BlackRock filed its application for a Bitcoin spot ETF with the US Securities and Exchange Commission (SEC) last week, a BTC frenzy is currently underway by major players from the traditional financial sector. Just yesterday, it was made public that Citadel Securities, Fidelity Investments and Charles Schwab have launched their new cryptocurrency exchange EDX. Deutsche Bank revealed that it has applied to the German financial regulator for a crypto custody license.

A few hours ago, the world’s fourth-largest ETF manager, Invesco, reactivated its Bitcoin ETF filing. The company filed an updated Form 19b-4 with the SEC. The document states:

Pursuant to the provisions of Section 19(b)(1) under the Securities Exchange Act of 1934, 1 and Rule 19b-4 thereunder,2 Cboe BZX Exchange, Inc. is filing with the Securities and Exchange Commission a proposed rule change to list and trade shares of the Invesco Galaxy Bitcoin ETF, 3 under BZX Rule 14.11(e)(4), Commodity Based Trust Shares.

The president of the exchange gave the green light to the proposed rule change yesterday, Tuesday, June 20. Remarkably, the Invesco Bitcoin ETF will be a spot ETF. Through the use of professional custodians and other service providers, the trust will provide investors with indirect exposure to Bitcoin, the filing states.

Related Reading: Rumors Of Imminent Approval Swirl Around BlackRock’s Bitcoin ETF

In addition, WisdomTree Investments, the 10th largest ETF provider by assets under management (AUM), also reactivated its application for a Bitcoin spot ETF today. As ETF expert Nate Geraci reported via Twitter, WisdomTree has submitted an application for a spot ETF called “WisdomTree Bitcoin Trust”.

The application shows that the ETF will be listed on the Cboe BZX Exchange with the ticker symbol BTCW. The price of the ETF will be calculated using the CF Bitcoin U.S. Settlement Price, which aggregates price data from various spot exchanges.

TradFi Pounces On Bitcoin ETFs

Notably, both Invesco and WisdomTree first filed for their ETFs in 2021. However, the applications met the same fate as every spot-based ETF to date, being rejected after the SEC utilized the full review period.

Related Reading: BlackRock Bitcoin ETF: Good Or Bad? What Are The Chances? Experts React

BlackRock’s application, however, seems to have breathed new life into the sector. Numerous experts consider BlackRock’s application to have a high chance for approval, and other major TradFi players seem to want to follow suit as quickly as possible.

As Geraci noted, it is remarkable what has happened since BlackRock’s ETF proposal last Thursday:

Quick inventory of spot Bitcoin ETF filings since last Thursday…

iShares (world’s largest ETF issuer)

Bitwise (knows space inside & out)

WisdomTree (top 10 issuer)

Invesco (4th largest issuer)

What changed recently? SEC has been on warpath against crypto. Something’s up.

Crypto expert Scott Melker aka “The Wolf Of All Streets” remarked on the recent events:

Last week we had some of the most bearish news in the history of crypto, led by the SEC actions against Binance and Coinbase. This week we have had arguably the most bullish news ever in crypto, led by BlackRock, Fidelity, Schwab, Citadel, Wisdom Tree etc. Life moves fast.

At press time, the BTC price had recorded an impressive 16% surge since last Thursday and changed hands for $28,940.

Bitcoin price
BTC price close to $29,000, 1-day chart | Source: BTCUSD on TradingView.com
Featured image from iStock, chart from TradingView.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Jake Simmons

Jake Simmons

Follow

Jake Simmons has been a Bitcoin enthusiast since 2016. Ever since he heard about Bitcoin, he has been studying the topic every day and trying to share his knowledge with others. His goal is to contribute to Bitcoin's financial revolution, which will replace the fiat money system. Besides BTC and crypto, Jake studied Business Informatics at a university. After graduation in 2017, he has been working in the blockchain and crypto sector. You can follow Jake on Twitter at @realJakeSimmons.

Full Profile

Related Posts

Bitcoin

Bitcoin Short-Term Holders Are Capitulating: 60,000 BTC Hits Exchanges At Loss

1 day ago
Bitcoin

Bitcoin And Ethereum Prices Crash, But Technicals Show What’s Next

2 days ago
Bitcoin

Bitcoin Accumulation Trend Shows Signs Of Weakening, What Does This Mean?

2 days ago
Bitcoin news

Leaked Chats Rock Bitcoin: Hard Fork Proposal Threatens Immutability

2 days ago
Bitcoin

Bitcoin Cycle Inflows Hit $678 Billion: How Do Past Cycles Compare?

2 days ago
Bitcoin Adoption Expands As Ohio Approves Vendor For State Cryptocurrency Payments

Bitcoin Adoption Expands As Ohio Approves Vendor For State Cryptocurrency Payments

2 days ago

Premium Sponsors

Press Releases

  • 上線倒計時:僅剩25天可搶購 Snorter Bot 代幣

    3 days ago
  • 加密錢包掀起發幣熱潮 Best Wallet...

    5 days ago
  • Bitcoin Hyper

    ChatGPT предсказва следващата 1000x...

    5 days ago
  • Snorter надхвърли $4 милиона след...

    6 days ago
  • Experience the Next Chapter of Pickleball with the $PKL Token Presale.

    Experience the Next Chapter of Pickleball with the $PKL...

    1 week ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.