WisdomTree Files for US Spot Bitcoin ETF in BlackRock’s Wake (1)

WisdomTreeis trying again for permission to start a spot Bitcoin exchange-traded fund in the US, submitting an application to the Securities and Exchange Commission less than a week after BlackRock Inc.

The filing Tuesday from the asset manager said the WisdomTree Bitcoin Trust would be listed on the Cboe BZX Exchange under the ticker BTCW. BlackRock’s June 15 application for a spot fund has helped the token to climb about 15%.

The SEC has resisted allowing such Bitcoin ETFs, including past efforts by WisdomTree. The regulator has cited risks such as fraud and manipulation in the spot market for …