SAN FRANCISCO – In a move in line with growing anticipation in the cryptocurrency industry, Bitwise has launched a promotional campaign for its upcoming spot ETF. The ad, which aired today, signals the company’s readiness for the hoped-for approval from the US Securities and Exchange Commission (SEC).
The SEC, now led by Chairman Gary Gensler, is re-evaluating spot ETF proposals in light of recent court decisions that could impact regulatory practices. Bitwise, along with other firms vying for the green light, is optimistic about the upcoming SEC decision regarding their spot BTC ETF products.
Spot Bitcoin ETFs differ from their futures counterparts by directly tracking Bitcoin prices instead of futures contracts.
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