© Reuters.
SAN FRANCISCO – Amid growing anticipation in the cryptocurrency industry, Bitwise has launched an advertising campaign for its upcoming Spot Bitcoin ETF. The advertisement aired today, signaling that the company is ready to receive approval from the United States Securities and Exchange Commission (SEC).
The SEC, currently led by its Chairman Gary Gensler, is re-evaluating BTC spot ETF proposals in light of recent court rulings that could influence regulatory approaches. Bitwise, along with other companies vying to get the nod, is optimistic about the SEC’s upcoming decision regarding their spot BTC ETF products.
Spot Bitcoin ETFs differ from their futures counterparts by directly tracking the price of rather than futures contracts.
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