WisdomTree Increases Bitcoin Futures Exposure and Relaunches Spot ETF

Golden Financial announced that WisdomTree, the property manager, has added BTC futures to the WisdomTree stock market to focus on regulating futures ETFs. The move comes a month after the United States Securities and Exchange Commission rejected WisdomTree's request for Bitcoin spot ETFs, but the company subsequently reapplied. Last fall, WisdomTree announced plans to increase its Bitcoin futures risk by 5% in a futures trade created in 2011 with around $ 164 million in assets. The company increased its current yield on Bitcoin futures by around 1.3%. Money is not ready to invest directly in Bitcoin. However, Bitcoin ETFs face more stringent regulation. The WisdomTree and VanEck applications were dismissed and the SEC has postponed this week's decision on the NYDIG application for the ETF site. U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler reiterated his preference for Bitcoin Futures ETFs to advertise directly on Bitcoin funds. (Parts office)