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Will SEC approve Bitwise ETF by June 29?

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Will SEC approve Bitwise ETF by June 29?

Bitwise Asset Management ("Bitwise") is a cryptocurrency asset advisory and management firm. On October 14, 2021, Bitwise filed an application (Form S-1 - General form for registration of securities under the Securities Act of 1933) with the U.S. Securities and Exchange Commission (SEC) to register a bitcoin exchange-traded fund (ETF) to be listed for trading on the NYSE Arca Inc. exchange. Several proposals for spot bitcoin ETFs have been submitted to the SEC over the last 5 years, but "Bitwise Bitcoin ETP Trust" could be the first one on American markets, since none have been approved yet. You can read the filing documents at https://www.sec.gov/Archives/edgar/data/1763415/000138713121009995/0001387131-21-009995-index.htm. The final deadline for the decision on Bitwise's spot bitcoin ETF application is June 29, 2022. This market will resolve to "Yes" if, by June 29, 11:59:59 PM ET, the U.S. Securities and Exchange Commission approves to register "Bitwise Bitcoin ETP Trust" in accordance with the filed application. Otherwise, this market will resolve to "No". Please note that any commentary by the SEC, conditional approval, or request to correct the application will have no bearing on the resolution of this market. Only full approval for registration of securities under the Securities Act of 1933 before the resolution time will result in this market resolving to "Yes".

Bitwise Asset Management ("Bitwise") is a cryptocurrency asset advisory and management firm. On October 14, 2021, Bitwise filed an application (Form S-1 - General form for registration of securities under the Securities Act of 1933) with the U.S. Securities and Exchange Commission (SEC) to register a bitcoin exchange-traded fund (ETF) to be listed for trading on the NYSE Arca Inc. exchange. Several proposals for spot bitcoin ETFs have been submitted to the SEC over the last 5 years, but "Bitwise Bitcoin ETP Trust" could be the first one on American markets, since none have been approved yet. You can read the filing documents at https://www.sec.gov/Archives/edgar/data/1763415/000138713121009995/0001387131-21-009995-index.htm. The final deadline for the decision on Bitwise's spot bitcoin ETF application is June 29, 2022. This market will resolve to "Yes" if, by June 29, 11:59:59 PM ET, the U.S. Securities and Exchange Commission approves to register "Bitwise Bitcoin ETP Trust" in accordance with the filed application. Otherwise, this market will resolve to "No". Please note that any commentary by the SEC, conditional approval, or request to correct the application will have no bearing on the resolution of this market. Only full approval for registration of securities under the Securities Act of 1933 before the resolution time will result in this market resolving to "Yes".

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Frequently Asked Questions

"Will SEC approve Bitwise ETF by June 29?" is a prediction market on Polymarket where traders buy and sell "Yes" or "No" shares based on whether they believe this event will happen. The current crowd-sourced probability is 0% for "Yes." For example, if "Yes" is priced at 0¢, the market collectively assigns a 0% chance that this event will occur. These odds shift continuously as traders react to new developments and information. Shares in the correct outcome are redeemable for $1 each upon market resolution.

"Will SEC approve Bitwise ETF by June 29?" is a newly created market on Polymarket, launched on Jun 28, 2022. As an early market, this is your opportunity to be among the first traders to set the odds and establish the market's initial price signals. You can also bookmark this page to track volume and trading activity as the market gains traction over time.

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The current probability for "Will SEC approve Bitwise ETF by June 29?" is 0% for "Yes." This means the Polymarket crowd currently believes there is a 0% chance that this event will occur. These odds update in real-time based on actual trades, providing a continuously updated signal of what the market expects to happen.

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