On October 25, Bitwise submitted its amendment to the Bitcoin ETF. The submission of this amendment is considered to be a response to the comments and concerns of the U.S. Securities and Exchange Commission (SEC). In response, crypto market analyst James Seyffart commented that this was completely expected because Bitwise was merely responding to the comments and concerns of the SEC. He went on to point out that he did not see anything substantive or what we have seen in the amendments of other applicants.
More notably, if Bitwise’s product is approved by the SEC, it will be listed on the exchange under the ticker symbol $BITB. When asked if this was significant, Seyffart responded: “No, but it shows the ongoing dialogue between the SEC and these applicants.” #bitcoin
