Bloomberg Intelligence’s James Seyffart thinks a bitcoin futures ETF could get approved as soon as October.
VanEck unsuccessfully tried to list a similar fund in 2017.
The fund manager filed a proposal with the SEC to list the Global X Bitcoin Trust on the Cboe BZX Exchange.
The SEC instituted proceedings on whether to approve the WisdomTree bitcoin ETF application, effectively delaying any firm decision by a few months.
The world’s largest custodian bank will begin handling accounting and administration services for the Grayscale Bitcoin Trust in October.
The agency has extended its initial 45-day review period.
The purchase also gives CoinShares access to Elwood’s equity-research team.
Tron founder Justin Sun, Litecoin founder Charlie Lee and former Major League pitcher C.J. Wilson participated in the round.
The firm is partnering with 21Shares in a bid to get a bitcoin ETF over the finish line with U.S. regulators.
The ETF, trading under the ticker symbol “QBTC,” is the first cryptocurrency fund to go public in the Middle East.
The review period for the application is now extended by 45 days from May 26.
The two bitcoin ETF bids join four others under official review with more still pending.